Darius Khambata Declines Tata Trust Reappointment
Darius Khambata, a senior lawyer, has said he will not seek another term as trustee of two Tata trusts. He cited worries about trustee independence, governance in the Tata Group, and the planned listing of Tata Sons.
Context
Context: The Sir Dorabji Tata and Sir Ratan Tata trusts are major charities that hold large stakes in Tata Sons, the group's parent company. A stock market listing would open the company to outside shareholders and raise questions about how the trusts are run.
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