Tata Sons Ousts Mistry From Board

Tata Sons Ousts Mistry From Board

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Business

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Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the voting power of Tata Sons influence the outcome of the vote against Mistry?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What legal actions did Cyrus Mistry take in response to his ouster?

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