This is how new Chairman Chandrasekaran is going to enhance operational expertise at Tata
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Tata Sons’ new Chairman N Chandrasekaran is going to bring in some changes in the board to enhance operational efficiency.
In a bid to beef up operations, Chandrasekaran may bring in chief executives of some group companies on its board.
Reports said bringing group CEOs on the 10-member board will help Chandrasekaran to plan and allocate capital better.
"We would like to have more representation from operating companies on the board. We have an option to raise the strength to 15 over a period of time,” ET quoted sources as saying.
"These are internal matters of Tata Sons. In any case, when new members are inducted to the board of Tata Sons, the information is publicly shared,” aTata Sons spokesperson said.
Presently, the board mostly has outsiders and representatives of the Tata Trusts.
"Many Tata Sons board directors are outsiders which was usually not the case a few years back,” another person told ET.
"Tata Sons board should have an ideal structure of 60% outsiders and rest from operating companies,'' Anil Singhvi, founder, Ican Investments Advisors, a proxy shareholder advisory firm, told ET.
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In a bid to beef up operations, Chandrasekaran may bring in chief executives of some group companies on its board.
Reports said bringing group CEOs on the 10-member board will help Chandrasekaran to plan and allocate capital better.
"We would like to have more representation from operating companies on the board. We have an option to raise the strength to 15 over a period of time,” ET quoted sources as saying.
"These are internal matters of Tata Sons. In any case, when new members are inducted to the board of Tata Sons, the information is publicly shared,” a
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"Many Tata Sons board directors are outsiders which was usually not the case a few years back,” another person told ET.
"Tata Sons board should have an ideal structure of 60% outsiders and rest from operating companies,'' Anil Singhvi, founder, Ican Investments Advisors, a proxy shareholder advisory firm, told ET.
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