Tata-Mistry case: “As a minority shareholder of Tata Sons, I am personally disappointed by the outcome of the judgement with respect to our case,” said Cyrus Mistry.
Former Tata Sons Chairman Cyrus Mistry spoke up on the Supreme Court’s judgment in the long-drawn fight against Tata Sons. The apex court had stated that the company was well within its rights to oust Mistry. Mistry in a statement titled ‘Grateful for the opportunity – My conscience is clear’ said that he is personally disappointed by the verdict. He added that he, however, sleeps with a clear conscience. Calling the setback another step in his and his family’s evolution, Mistry said that he will celebrate the good times and take the knocks on his chins.
“At Tata Sons, I have had the opportunity to work with a fantastic team of people from diverse backgrounds in multiple industries and geographies all bound together by a common value system embedded by the founders into the Tata Group. For that opportunity, I shall be eternally grateful,” he said. Mistry said that his aim at Tata was to ensure a robust a board driven system of decision making and governance that is “larger than any one individual”.
News Source:- Business Today