Chandrasekaran reappointment: Tata Trusts rejects independent director vote claim
A governance development with market-wide reach.
· LiveMint Companies
Tata Sons chairman vote: Chandrasekaran reappointment ‘void ab initio’; Tata Trusts says resolution 'not validly passed'
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.