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Research a recent action taken by shareholders to change their company’s decisions or remove the management....

Research a recent action taken by shareholders to change their company’s decisions or remove the management. Identify and explain the circumstances and issues involved, and describe the result of the shareholders’ actions.

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Answer #1

Recently the board of 108 Billion dollar Tata Group had decided to sack the Chairman and Managing Director Cyrus Mistry for his non performance and non compliance to ethical code of conduct.

Issues like rift with board of directors, excessive micromanagement, Bureaucracy, lack of trust and collaboration led to his removal.

Shareholders too subsequently voted in favour of removal as it caused heavy losses to subsidiary companies and saw massive erosive profits and decline in share prices which prompted shareholders to vote in favour of his removal.

PLEASE UPVOTE INCASE YOU LIKED THE ANSWER WILL BE ENCOURAGING FOR US THANKYOU VERY MUCH ALL THE BEST IN FUTURE

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