Tata Trusts postpones board meeting amid internal power struggle. The organization, which holds approximately 66 percent of Tata Sons, cancelled a crucial Friday meeting scheduled to review its nominee director positions on the holding company's board. At the center of the dispute is concern over veto power granted to Tata Trusts-nominated directors under Article 121A of Tata Sons' bylaws, which gives them authority over major investment and leadership decisions. The agenda included reviewing representation of current nominee directors Noel Tata and Venu Srinivasan. Internal disagreements over governance, perpetual trustee status, and eligibility criteria have created significant friction within the organization.
