Ratan Tata and the Tata Group

Manuel Bueno — Sat, 29 Dec 2007 15:34:51 -0500

December 29, 2007 - 16:00, Financial Times

India's empire builder

Story Link: http://www.ft.com/cms/s/0/a844316c-b5af-11dc-896e-0000779fd2ac.html

Teaser:
After celebrating his 70th birthday yesterday, Ratan Tata would in the normal course of affairs be facing mandatory retirement from the Tata Group. Two years ago, however, India's most respected and acquisitive conglomerate ex-tended to 75 the age until which non-executive directors could serve, giving the man who has transformed it over the past 16 years a new lease at its helm. Although corporate governance purists at the time criticised the change as retrograde, it is a decision that few investors now regret.

After celebrating his 70th birthday yesterday, Ratan Tata would in the normal course of affairs be facing mandatory retirement from the Tata Group. Two years ago, however, India's most respected and acquisitive conglomerate ex-tended to 75 the age until which non-executive directors could serve, giving the man who has transformed it over the past 16 years a new lease at its helm. Although corporate governance purists at the time criticised the change as retrograde, it is a decision that few investors now regret.

NextBillion.net - Development Through Enterprise - Ratan Tata and the Tata Group - Comments

Ratan Tata and the Tata Group