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    INDIA INCS BOARDROOMS

    India Inc’s boardroom report makes for grim reading

    Women currently hold one in five seats on Nifty 100 company boards, remaining unchanged over the past four years. Younger independent directors under the age of 50 have decreased in number on these boards. A report reveals that 17 companies, primarily state-run, lack the required number of independent directors.

    Indian executives are gaining clout in US corporate boardrooms

    The landscape of S&P 500 boards has seen a noteworthy shift, with Indian men now occupying a record 16 seats. This development reflects the increasing preference for directors equipped with CEO-level expertise. In contrast, Indian women's representation on boards continues to stagnate. Compounding these dynamics, future entry for Indian executives into the US job market may face challenges due to prevailing immigration policies.

    Inside Tata Sons' power struggle: Tata Trusts, Chandrasekaran and the battle over control

    Tata Sons is facing a boardroom dispute with its largest shareholder, Tata Trusts, over chairman N Chandrasekaran’s reappointment and a potential stock market listing. Led by Noel Tata, the trusts are weighing legal options, while lawyers Abhishek Manu Singhvi and Harish Salve have offered opposing interpretations of Tata Sons’ governance rules.

    Tata dispute sends India Inc scrambling to shore up shareholder rights

    A boardroom dispute at Tata Sons is prompting founders, strategic investors and private equity firms across India to review shareholder agreements and governance clauses, lawyers and directors said. The concern is whether a company board can override a majority shareholder on key decisions.

    Inside the 24 hours that laid bare Tata’s brutal power struggle

    A dramatic Tata Sons board meeting has exposed a deep split between chairman N Chandrasekaran and Tata Trusts chairman Noel Tata over leadership and a potential listing. While the board backed Chandrasekaran for another five years and steps towards regulatory compliance, the Trusts called the reappointment “illegal” and are considering a legal challenge.

    India Inc boards make more room for young guns

    Young directors under 40 are rising in Bengaluru’s India Inc boardrooms, with a 456% increase in independent directors. As of March 31, 2024, they make up 8.2% of 19,686 NSE-listed company directors, up by 239 in a year. Harsh Mariwala, Shailesh Haribhakti, and Monica Agrawal emphasize their digital skills and supply constraints.

    The Economic Times
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