Four hours at Bombay House: How five Tata Sons directors outflanked Noel Tata
RBI convened in a governance development.
· LiveMint Companies
The Tata scion left Bombay House believing Tata Sons had taken no decisions at last week’s crucial board meeting. Hours later, the board had reappointed N. Chandrasekaran as chair and moved towards RBI compliance.
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.