Shareholders may vote on splitting chairman posts at Tata Sons & Trusts

The chairman of the committee will be selected by the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust from amongst the nominees nominated by the Trusts

Tata Sons shareholders are expected to vote on new articles of association (AoA), seeking to separate the positions of chairman of Tata Trusts and Tata Sons soon. This will be put to vote on August 30, according to the Tata Sons an­n­ual general meeting notice.

While the two positions remained separate since 2013, a change in the AoA will make it legally binding. The move is meant for better corporate governance and decoupling of ownership from management, the source said. Ratan Tata was the last Tata Sons chairman to head the Trusts.

The Mistry family, which owns 18.5 per cent