Tata Sons board resolution on Chandrasekaran reappointment invalid, says Tata Trusts
The resolution to reappoint N Chandrasekaran as Chairman of Tata Sons was not validly passed at the company’s September 17 board meeting as the mandatory support of Tata Trusts’ nominee directors was not secured, Tata Trusts said on Sunday. According to Tata Trusts, Tata Sons’ Articles of Association (AoA) require the affirmative support of a…