The Tata Group companies are well geared to meet the deadline of December 31 of having independent directors in their respective company boards.
Market regulator Securities and Exchange Board of India (SEBI) had said all listed companies have to meet the new minimum independent director guideline by this December.
"Tata group is well placed regarding the independent directors. Also there is not a single company in the group where managing director and chairman is the same person," Tata Sons director J J Irani said.
Irani also said he was not in favour of appointing representative financial Institutions in company board as independent directors.
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