This group is backing Cyrus Mistry, asks TCS’ shareholders to vote against his sacking
Advertisement
Advertisement
Advertisement
The feud between "Neither Tata Sons as the proponent nor the board of TCS has provided unaffiliated shareholders - who may be primarily concerned with Mistry's impact at the company level rather than at the group level - with compelling evidence that the proposal to remove him will be beneficial for TCS, or that his continued presence on the board is expected to have a material negative effect on board governance or future performance,” the report said.
The report added that TCS had displayed relatively good performance over the last four years and that Mistry had operated on 'the basis of healthy distance from undue pressure.'
"While it doesn't follow that Mistry should necessarily be chairman of these companies, he seems to have balanced the power of the holding vs. the power of the operating companies' boards,” ISS said.
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Foreign tourist arrivals in India will cross pre-pandemic level in 2024
- Upcoming smartphones launching in India in May 2024
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
- Women in Leadership
- Rupee declines 5 paise to 83.43 against US dollar in early trade
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market