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Journalism of Courage
The five-member committee set up by the Tata Sons board to find a successor to the current chairman Ratan Tata is going to take the final call on a suitable person. As they have been given that mandate,it will be binding on Tata Sons to announce a successor in that sense, Ratan Tata said in Mumbai on Monday.
Addressing the annual general meeting of Tata Chemicals,Tata further said that he stayed off the committee so that it will have the full freedom to take its decision. The committee is mandated to pick the person,who is best equipped to head the group,he added. On a shareholder8217;s query if the successor will be a foreigner or an Indian,he said,the group is of course an Indian group it8217;s not a Parsi group. The successor should be the right person and not anti-Parsi or pro-Parsi that they will look at but it is essentially going to be somebody who can take on the group to the levels that,that has been set for.
In a lighter vein,Tata said that post-retirement,he would like to sit in the audience and ask questions.
The Tata group has announced the names of the five-member search committee appointed by the board of Tata Sons Ltd,the main holding company of the 70.8 billion group,to find a successor to group chairman Ratan Tata. They include Tata Sons directors R K Krishna Kumar and Cyrus Mistry,Tata trusts nominees N A Soonawala and Shirin Bharucha and UK-based educationist and businessmen Lord Bhattacharya.
