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Tata-Mistry spat shows independent company directors vulnerable in India

Wadia, removed from Tata Steel's board, was one of the group's most vocal independent directors

Reuters  |  Mumbai 

The bitter boardroom battle at the heart of Tata Sons has put a spotlight on the vulnerability of India's independent company directors who stand up to or take on a dominant shareholder. Tata Sons is not only fighting former chairman Cyrus Mistry, who has complained of mismanagement and corporate governance failures within the company, but is now also trying to oust Nusli Wadia - one of the group's most fiercely vocal independent directors - after he publicly backed Mistry. While Mistry has resigned from all listed Tata entities, Wadia was removed from the board of Tata ...

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First Published: Thu, December 22 2016. 18:40 IST
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