Mistry saga prompts Tata Sons to define chairman's powers

He'd cease to hold office in Tata Sons, its affiliates and trusts, if he's no longer chairman

Stung by the Cyrus Mistry episode, Tata Sons has balanced the role between the board and executive management, and also defined the role and powers of the chairman in its resolution appointing N Chandrasekaran as executive chairman of the company.

In the board meeting held on February 21, the resolution appointing the new chairman states that if Chandrasekaran, or Chandra as he’s referred to, ceases to hold the office of executive chairman, he would cease being a director of the company and its affiliates as well, without compensation of loss of office. Affiliates would include Tata Group operating companies such as