'Runaway Board': Abhishek Singhvi Backs Tata Trusts' 'Shareholder Primacy'
Tata Trusts' lawyer Abhishek Manu Singhvi weighs in on the Tata Sons boardroom battle, examining the larger question of shareholder primacy and the unique ownership structure of the Tata Group.
With Tata Trusts holding roughly 66% of Tata Sons, Singhvi explains how Jamsetji Tata's original philanthropic vision shaped the group's architecture, with dividends ultimately supporting charitable causes including healthcare, education and research.
He also questions whether the Tata Sons board can take major decisions despite active opposition from the controlling shareholder, raising a fundamental debate over the balance between shareholder ownership, board authority and the legacy of the Tata Trusts.
