Cyrus Mistry removed as TCS director

Q.  Former TATA Sons Chairman was voted out as director of which company?
- Published on 15 Dec 16

a. Tata Industries
b. TCS
c. Both of the above
d. Neither of the above

ANSWER: Both of the above
 
Cyrus Mistry removed as TCS directorFormer Tata Sons chairman Cyrus Mistry was voted out as director in Tata Consultancy Services.

He had skipped TCS’ Extraordinary General Meeting (EGM), even as shareholders cast votes to remove him from the post.

Holders of 86.71 per cent share of the company voted. Of this, about 93.11 per cent voted in favour of the resolution to remove Mr. Mistry. The total number of votes for the resolution stood at 2,450, while those against numbered 1,222.

Tata Sons, which holds more than 73 per cent stake in TCS, had moved the resolution to oust Mr. Mistry.

Acting chairman Ishaat Hussain had recused himself to avoid conflict of interest as he is a nominee of Tata Sons.

Out of 40 speakers, at the shareholder’s meet only four spoke in his support.

Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)