Tata Sons Ousts Mistry From Board

Cyrus Mistry was officially ousted as chairman of Tata Sons following an extraordinary general meeting where trustees and shareholders approved his removal. Tata Sons, holding a majority of the shares, was expected to win the vote. Mistry's family, owning 18% of the shares, was unlikely to succeed in opposing the decision. Despite the challenges, Mistry resigned from most companies before being removed and pursued legal action for better corporate governance, though he has not yet succeeded in reversing his ouster.

What was the outcome of the extraordinary general meeting regarding Cyrus Mistry?

• He resigned voluntarily.

• The meeting was inconclusive.

• His removal was approved.

• He was reinstated as chairman.

What percentage of shares does the Tata Trusts hold, giving them majority voting rights?

• 18%

• 50%

• 66%

• 75%

Why was it expected that Tata Sons would win the vote to remove Cyrus Mistry?

• Mistry's family owned the majority of shares.

• Tata Sons had the support of the government.

• Mistry had already resigned.

• Tata Trusts held a significant share percentage.

What was one of Cyrus Mistry's reasons for stepping down from the board?

• He wanted to focus on personal projects.

• He was retiring from business.

• He was seeking better corporate governance.

• He was offered a better position elsewhere.

What legal action did Cyrus Mistry take following his removal?

• He filed a lawsuit against Tata Sons.

• He appealed to the national Company Law Tribunal.

• He sought intervention from international courts.

• He did not take any legal action.