Cyrus Mistry orchestrated the leak of confidential documents: Ronen Sen
Nov 4, 2016, 16:43 IST
Cyrus Mistry is now being blamed for orchestrating leaks. He has been slammed for the issue by Ronen Sen, the head of nomination and remuneration committee at Tata Sons.
"I have not and will not comment on the veracity or otherwise of confidential and internal documents being leaked in a selective and motivated manner by "sources close to the former chairman", contrary to norms governing privileged information. I leave it to you to arrive at your own conclusions on whether these orchestrated leaks, unless denounced by him, will enhance or further diminish the confidence of his fellow directors on the board of Tata Sons," Ronen Sen, who is an independent director of Tata Sons and an ex-ambassador to US, told ET.
"I will also not stoop to the level of the unidentified 'person' 'close to the former chairman' who has implicitly questioned my integrity and explicitly alleged that I, and another respected colleague on the board, of 'clearly having failed to apply their mind independently and discharge their fiduciary duty' by dignifying the charge with a response. The implied assumption that there were no developments between the meeting of the Nomination & Remuneration Committee and the Board meeting on the 24th October is also naive to put it mildly," he added. Earlier there were claims that Mistry was lauded for his performance just four months before he was fired. . In the meeting, Sen reportedly said that judging by his experience garnered from site visits, Mistry had earned the respect not only of CEOs and senior management but also operational personnel.
It was also reported that Sen backed Mistry’s ouster.
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"I have not and will not comment on the veracity or otherwise of confidential and internal documents being leaked in a selective and motivated manner by "sources close to the former chairman", contrary to norms governing privileged information. I leave it to you to arrive at your own conclusions on whether these orchestrated leaks, unless denounced by him, will enhance or further diminish the confidence of his fellow directors on the board of Tata Sons," Ronen Sen, who is an independent director of Tata Sons and an ex-ambassador to US, told ET.
"I will also not stoop to the level of the unidentified 'person' 'close to the former chairman' who has implicitly questioned my integrity and explicitly alleged that I, and another respected colleague on the board, of 'clearly having failed to apply their mind independently and discharge their fiduciary duty' by dignifying the charge with a response. The implied assumption that there were no developments between the meeting of the Nomination & Remuneration Committee and the Board meeting on the 24th October is also naive to put it mildly," he added. Earlier there were claims that Mistry was lauded for his performance just four months before he was fired. . In the meeting, Sen reportedly said that judging by his experience garnered from site visits, Mistry had earned the respect not only of CEOs and senior management but also operational personnel.
It was also reported that Sen backed Mistry’s ouster.