Board stiff: Tata’s governance is still faulty
Print Rubric:
Tata has now got rid of Cyrus Mistry. But its governance problems continue
Print Headline:
Board stiff
Print Fly Title:
Tata Group
UK Only Article: standard article
Issue:
Donald Trump seeks a grand bargain with Vladimir Putin
Fly Title:
Board stiff
Location:
MUMBAI
Main image:
Chandra in, Cyrus out
Chandra in, Cyrus out
PROFIT is to good corporate governance what tides are to swimming trunks: when the former is high, absence of the latter tends to go unnoticed. The ebbing of profits at Tata, India’s largest conglomerate, in recent years has prompted a power struggle that in turn has exposed the often dysfunctional relationship between several dozen businesses, holding companies, people and charities that use the Tata name. The struggle is now over: on February ...