15 November,2016 07:04 AM IST | | Agencies
In a setback to Cyrus Mistry, the independent directors of Tata Motors on Monday did not offer unanimous support to his leadership and instead backed all decisions taken by the company, including on the small car Nano, which have been criticised by the ousted chairman of Tata Sons
Cyrus Mistry
In a setback to Cyrus Mistry, the independent directors of Tata Motors on Monday did not offer unanimous support to his leadership and instead backed all decisions taken by the company, including on the small car Nano, which have been criticised by the ousted chairman of Tata Sons.
Unlike the backing he got from independent directors of Indian Hotels Company (IHCL) and Tata Chemicals, the words of unanimous backing to Mistry's leadership during the crucial board meeting of Tata Motors were absent from the statement that the automaker issued after the meeting that lasted over five hours. Sources said one of the independent directors came with a resolution backing Mistry but after the deliberations the resolution was not carried forward. Other independent directors did not approve it suggesting big differences in the board over the support to Mistry.
