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Cyrus Mistry And Nusli Wadia Accusition Against Ratan Tata - Misleading,Non-Ethical & Questionable

The ongoing Tata Steel boardroom getting bad to worse as date for EGM to remove Nusli Wadia and Cyrus Mistry from Company Board. Nusli Wadia got active along with Cyrus Mistry to get the support from shareholder and his 14 page message raises series questions. Being a board member of listed company it's most important for member to report insider trading to any non ethical behavior to Indian stock market regulator SEBI.

Both Nusli Wadia & Cyrus Mistry came out openly against some of the Tata Trust members as well as Ratan Tata and accusses them to seek sensitive company information during silent period before company quarterly result.

It's laudable that for the last four years till the time they were enjoying the position were comfortable with situation and never thought that it's unethical. They failed to follow the regulation defined by the SEBI to report unethical information acquisition attempt by any shareholders.

The moment they were asked to leave the board their ethical working approach started knocking.
Why they were mum for the last many years? Why SEBI should not act against them for failing to fulfill defined duties as Board member?

Why they are not releasing any communication related to that through document leak medium which they started? It shows that they failed to abide by the Commerce Ministry guideline under company act and should be questioned for the same. If readers agree or disagree with my point of view then they may choose to comment.
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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