The passing of Ratan Tata has brought attention to succession at Tata Trusts, the largest public charitable foundations in India and the owner of the $165-billion Tata Group. As Tata did not designate a successor, the boards of Trusts will have to select a chairman from among the trustees. Though the Trusts comprises several foundations…
Nisaba Godrej has resigned as an independent director on the board of VIP Industries, citing differing views on leadership accountability and succession planning. “As discussed, due to my differing view on leadership accountability and succession planning, I will be resigning from the board effective June 3rd, 2024” she said in her letter to VIP Industries…
BENGALURU: The leadership transition at Wipro occurred earlier than anticipated, while LTIMindtree is currently engaged in succession planning. Both organisations seem to favour internal candidates for the CEO position.As Debashis Chatterjee‘s tenure as LTIMindtree CEO will end next year, two internal candidates are competing for the role: COO Nachiket Deshpande and president of sales Sudhir…
With multiple stakeholders in the family business, succession planning is not only important to pass on the group wealth to the next generation but also to avoid bitter disputes. Yet only 19% of Indian businesses have conflict resolution mechanisms in place, according to a family business survey by PricewaterhouseCoopers (PwC) India in 2023. Just 34%…
