‘Chandrasekaran’s reappointment was not on the agenda, taken out of turn’: What Noel Tata wrote in letter to Tata Sons
A governance development with market-wide reach.
· LiveMint Companies
Noel Tata has challenged Tata Sons’ resolution to reappoint N Chandrasekaran for five years from February 2027, arguing it was not properly placed on the agenda and lacked required committee recommendations and affirmative votes. He has also requested an unedited recording of the board meeting.
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.