Tatas say Mistry violating corporate governance norms

Tata Sons refuted charges of breakdown of governance levelled by Cyrus P Mistry, saying it was the ousted chairman who has been violating such guidelines

Tata Sons tonight refuted charges of breakdown of governance levelled by Cyrus P Mistry, saying it was the ousted chairman who has been violating such guidelines. “The same corporate governance guidelines, Mr Mistry’s office is referring to, prescribes that a Tata employee must step down from the Boards of Tata companies, after he ceases to be a Tata employee. After being replaced as Chairman of Tata Sons, Mr Mistry ceases to be a Tata employee. It is he who is violating the Guidelines that he himself propounded, and not Tata,” a Tata Sons spokesperson said. A Mistry camp official later said Mistry continues to be an employee of Tata’s as the board meeting that ousted him was illegal.