Those three principles form a cornerstone of Zoroastrianism, so it’s only natural that Tata group founder Jamsetji Nusserwanji Tata inscribed them on his coat of arms in 1869. "First, the Tata group is always known for management excellence despite being family-owned. "The behaviour of some independent directors who are aligned to each of the parties has brought up the whole question of 'independence'," the person said. Independent directors say they can’t be guided solely by Tata Sons' decision to oust Mistry. Their verdict seems to have been undermined by the support that Mistry has got from some of the Tata group companies where he's chairman.Sources close to the Tata Sons directors countered that argument.

Source: Economic Times November 17, 2016 19:00 UTC