Shades of global governance models reflected in Tata group boardroom battle

At home, though, unlike others, the Tatas are the only industrial group who consolidated all their trusts under a single public trust umbrella

The goings-on at the Tata Group have the rest of India Inc transfixed, as it were, as a corporate governance stand-off threatened to tear the highest echelons of India's largest industrial conglomerate asunder. What also made the Tata imbroglio unique was the question of how corporate boardrooms translate their relationship with a Trust structure that often houses the majority shareholding of the promoters.

 

While the role, even predominance, of trusts in the corporate world is not unknown in other parts of the world, the issue of relationship between the Tata Trusts and Tata Sons has some peculiarities that are specific