The Supreme Court’s recent judgment in the six-year-old boardroom and courtroom battle between the two principal stakeholders of the Tata group has put the spotlight on the role and duties of nominee directors of a charitable trust in a holding company.
The apex court in its judgment dismissed the minority shareholders’ (Mistry group) claims of “oppression and mismanagement” at Tata Sons, the holding company of the conglomerate, when the board decided to remove its then executive chairman, Cyrus Mistry. However, ...
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