SEBI issues guidelines after concluding many large Indian companies “may not have much clarity on the process of board evaluation”.
Ousted Tata Group chairman Cyrus Mistry attacks his predecessor Ratan Tata in a letter distributed to Indian press.
Independent directors indirectly support chairman, while parent company Tata Sons attempts to remove Mistry from all leadership positions.
Holding company continues efforts to expel ousted chairman from other positions of responsibility within the group.
Boardroom battle continues at Tata as the group levels attack at ousted chairman Cyrus Mistry.