Tata alters policies to consolidate group operations under one umbrella

In 2000, Tata first amended the Tata group retirement policy of 70 years to bring in younger leaders and remove older directors

Ratan Tata, chairman of Tata Trusts, has made several changes to the group’s holding company Tata Sons’ policies to consolidate operations under one umbrella.

The recent change in Tata Sons’ articles of association (AoA) that separates the positions of Tata Trusts and Tata Sons’ chairman is part of a series of decisions taken by the group’s patriarch since 1991. This had helped Tata Sons to remain in conformity with the changes in corporate governance norms.

With recent changes in the AoA, Tata, who was the chairman of Tata Sons till 2012, will be the last to hold the chairman posts in Tata