Sources have indicated that the board of directors of Tata Trusts is expected to meet soon to decide on the appointment of a third representative to the board of directors of Tata Sons. Venu Srinivasan and Vijay Singh are the current nominees of Tata Trusts.
A comment is awaited from Tata Trusts.
Tata Sons board members currently include N Chandrasekaran, Ajay Piramal, Ralf Speth and Harish Manwani. Other board members are Saurabh Agrawal, Leo Puri and Anita Marangoly George.
Noel Tata, appointed chairman of Tata Trusts last week, is also chairman of other Tata Group companies, including Trent, Tata Investment Corp and Tata International, and vice-chairman of Tata Steel.
Noel Naval Tata assumed the chairmanship of Tata Trusts on October 11, 2024, succeeding titan Ratan Tata, who passed away on the night of October 9.
His appointment raised questions about his future participation on the boards of several Tata Group companies.
Read also | ‘Noel represents everything Tata represents,’ say experts
Given Tata Group’s strict compliance with governance principles, particularly around potential conflicts of interest outlined in its articles of association (AoA), there is speculation about whether he might need to resign of some of these roles.
In addition to his roles in the aforementioned Tata companies, he holds management positions in subsidiaries such as Trent Hypermarket Private Ltd and Inditex Trent Retail India.
Outside the Tata Group, it is affiliated with organizations such as Retailers Association of India, Cricket Club of India, Satnam Developers and Finance and Landmark Ltd (Part IX) (a real estate company).
Read also | Will the Tata Group’s next big focus be the consumer business under Noel Tata? Experts say
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