Victory of principles of good governance, minority shareholder rights: Mistry on NCLAT verdict

Ousted Tata Sons Chairman Cyrus Mistry on Wednesday termed the NCLAT judgement to reinstate him at the helm of the company as "victory for the principles of good governance and minority shareholder rights" and not just his own personal victory.

Seeking to bury the past bitterness, Mistry in a statement said that it was now time that "all of us work together for sustainable growth and development of the Tata Group, an institution that we all cherish."
Commenting on the verdict of the appellate tribunal, he said, "The outcome of the appeal is a vindication of my stand taken when the then board of Tata Sons, without warning or reason removed me, first as the executive chairman, and subsequently as a director of Tata Sons."
He further said, "My endeavor as Executive Chairman had always been to establish a culture and processes that promote effective board governance to create long term stakeholder value, sustainable profits and growth."