Tata Sons In No Hurry To Call Board Meet To Decide Chairman Chandra’s Second Term

With rumours flying thick and fast, it is now reliably learnt that the Tata Sons, the holding company of the Tata Group, is in no hurry to call a board meeting to decide on the second term for its Chairman N Chandrasekaran. This means that Tata Sons is unlikely to hold a board meeting before September 14, 2021, the date of its virtual annual general meeting (AGM). Generally, a company’s board takes a call on providing an extension to its top brass, and then puts it to vote at AGMs.  According to sources in Bombay House, the headquarters of the Tata Group, Chandrasekaran’s tenure officially ends next year — February 2022 to be precise. Between now and then, there is a lot the chairman is entrusted with, and hence this won’t be an appropriate time to decide on his second term. Tata Sons’ board has the luxury of time on its hand, another six to seven months to decide on Chandra’s – as the 58-year-old is fondly called – second term. With many insiders and industry watchers expecting some announcements on September 14, however, the virtual AGM would be a keenly awaited event.