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THE TATA MISTRY BATTLE

A closer look at the boardroom battle at one of India's largest conglomerates 

VOTING ADVISORY

Our voting recommendations on the resolutions proposed by Tata Sons

COVERAGE

Our take on the more critical issues for stakeholders of the Tata Group

WHO WILL WIN

The voting dynamics of each company is different. Use our tool to find out which side is likely to prevail

PRESS RELEASES

A list of public statements by the two camps on the issue and media coverage of IiAS opinion

IiAS has recommended shareholders to vote FOR the proposal to remove Cyrus Mistry. Our decision focuses on an outcome that enables Tata companies to operate with minimum disruption – by maintaining the existing chain of command between Tata Sons and the operating company. Further, IiAS believes Cyrus Mistry’s position as a director of the operating companies was a consequence of his position as Chairperson of Tata Sons. With his removal as Chairperson of Tata Sons, his continuing on these boards  as a non-independent director becomes untenable.  

 
 

Our recommendation is not an endorsement of Cyrus Mistry’s removal from the Chairpersonship of Tata Sons. But, Cyrus Mistry’s currently remaining on the board, is likely to lead to unnecessary friction between the operating companies and Tata Sons, the largest shareholder. Therefore, our intent is to provide a clean slate and an occasion to overhaul the structural issues, which may have been present all along, but have surfaced with this sacking. It is imperative that the Tata group use the opportunity being provided to fix the control and governance structure – going back to the status quo is not an option, and investors do not want to see a re-run. We have discussed these in some detail in the related research referred here.

 

WHO WILL WIN?

HOW WILL YOU VOTE?

 

PRESS RELEASES

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MISTRY

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For a full list of media coverage on IiAS' views on the matter, please click the button below.

IiAS IN NEWS

TATA

WRITE TO IIAS

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Disclaimer: The Tata group, through Tata Investment Corporation Limited, holds equity in IiAS. The contents of this page are based entirely on publicly available information, but we do not represent that it is accurate or complete and it should not be relied on as such. IiAS shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this page. This page is provided for assistance only and is not intended to be and must not be taken as the basis for any voting or investment decision. The reader assumes the entire risk of any use made of this information. This information is subject to change without any prior notice. IiAS reserves the right to make modifications and alterations to this page as may be required from time to time. However, IiAS is under no obligation to update or keep the information current.