Singhvi Backs Tata Trusts' Authority Over Tata Sons Board

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Senior Congress leader and lawyer Abhishek Manu Singhvi has voiced support for the principle of shareholder primacy in the ongoing Tata Trusts versus Tata Sons boardroom dispute. Singhvi argued that a company's board cannot act independently of a majority shareholder, referring to the board as a 'runaway board.' Tata Trusts holds approximately 66 per cent ownership in Tata Sons, the holding company of the vast salt-to-software conglomerate. His remarks underline the legal and corporate governance debate over how much autonomy a board can exercise against the wishes of a dominant stakeholder.

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