4 August, 2010
There have been reports that Mr. R. Gopalakrishnan, non-executive director on Tata Motors’ Board of Directors, is ‘stepping down from the Board’ due to ‘personal reasons’. Tata Motors clarifies that Mr. Gopalakrishnan is not ‘stepping down’, but not seeking re-election at the forthcoming annual general meeting of the company, when he retires by rotation.
Mr. Gopalakrishnan is not offering himself for re-election in order to enable the company to recast its Board to accommodate additional executive directors and retaining the requisite ratio of independent directors.
At present, the 13-member Tata Motors Board comprises 4 non-executive directors, 7 independent directors and two executive directors.