Diabytes
Mistry-Tata battle News
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Proxy advisor InGovern has asked minority shareholders of Tata group companies to vote against promoters' proposal to remove Cyrus Mistry from their boards, saying they have not provided "any compelling reasons".
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Mistry, in his representation to shareholders contesting his removal as the director of Tata Consultancy Services, said future of the Tata Group lies in how the trustees govern the Tata Trusts.
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In a letter to shareholders on Wednesday, Ratan Tata said Tata Sons decided to remove Cyrus Mistry as relationship with him steadily deteriorated and attempts to remediate went unheeded.
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