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News Topical, Digital Desk : Tata Trusts may make a major decision in the near future. Sources indicate that Mehli Mistry's reappointment as a trustee on the Tata Trusts board appears unlikely. Sources close to the Tata Group told CNBC-TV18 that at least three trustees voted against the move. It's rare in the trust's history that a major decision lacks consensus among trustees. This news is significant because, according to the rules, a decision to reappoint a trustee must be unanimously approved. Even one trustee's disagreement could stall the decision.
According to sources
familiar with the matter, all trustees of Tata Trusts have submitted their opinion on Mistry's reappointment before his term expires on October 28. According to the trusts' rules, the reappointment of a trustee requires unanimous consent from all members.
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