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Tata Group delays decision on N Chandrasekaran’s third-term chairmanship due to internal disagreements over losses and proposed conditions.
The Tata Group has postponed deciding on N Chandrasekaran’s reappointment as chairman for a third term, following internal disagreements over losses in new ventures like Air India and BigBasket.
Tata Trusts chairman Noel Tata raised concerns and proposed four conditions for approval, including keeping Tata Sons unlisted, debt-free, and limiting risky spending.
While some board members supported Chandrasekaran, citing long-term strategic investments, others backed the conditions.
The decision has been delayed to ensure alignment between Tata Sons and the trusts, with no final vote scheduled.
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Tata Group retrasa la decisión sobre el tercer mandato de N Chandrasekaran como presidente debido a desacuerdos internos sobre las pérdidas y las condiciones propuestas.