Tata Sons board meets, Noel attends

MUMBAI: The directors of Tata Sons met Friday, over two months after ex-bureaucrat Vijay Singh resigned from the board. The meeting, chaired by N Chandrasekaran, discussed and considered routine corporate matters related to the company and its affiliated entities, said people aware of the matter.

Apart from Chandrasekaran, the board consists of five members, including Noel Tata, the chairman of Tata Trusts, the parent of Tata Sons. Noel, who had recently returned from an overseas trip, also participated in the meeting, the people said.

Noel has consolidated control within the Trusts and consequently, the broader Tata Group, following a restructuring of the boards of the foundations. He has centralised final authority under the chair of Trusts by dissolving the executive committee, which previously included himself, Venu Srinivasan, Vijay Singh, and Mehli Mistry (until his term ended on Oct 28).

The moves are significant as the Trusts can appoint one-third of the directors on Tata Sons' board. They maintain their quota on Tata Sons board even after the exit of Singh from the company. Apart from Noel, the other Trusts' nominee on Tata Sons' board is Srinivasan.



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