Tata Trusts says board vote to keep Chandrasekaran in the saddle is illegal

MUMBAI: Within hours of a 4:1 vote reappointing incumbent Tata Sons chairman N Chandrasekaran for a third five-year term, a major battle has broken out, with the owners, Tata Trusts, issuing a public statement calling the board decision “illegal” on the grounds that not only was his resignation “accepted by the trusts and had attained finality”, but also that the reappointment vote is a “legal nullity” as the trusts chairman Noel Tata voted against it.