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Tata Trusts faces internal tussle over trustee reappointment
Business
Tata Trusts is dealing with some internal drama as two trustees, Venu Srinivasan and Mehli Mistry, are up for reappointment this month.
Last year, a resolution stated that trustees would be reappointed without any limit to their tenure, but now some members want an actual vote instead of just rolling things over.
Mistry side says automatic reappointment was agreed upon last year
This all traces back to a 2024 dispute over board nominations, and things have heated up again with the trustees' terms ending soon.
The Mistry side points to the 2024 resolution for automatic reappointment, while others like Noel Tata say it's better to get everyone's agreement through voting.
For now, no one wants to take this fight to court—they're hoping to sort it out internally without drawing outside attention.