Ahmedabad: In an email to Tata Sons board members, Mr. Mistry said that he was “shocked byond words.”

In an email to Tata Sons board members, Cyrus Mistry, former chairman of the group, has called his removal from the position “unparalleled in the annals of corporate history.”

In a report in The Economic Times, Mr. Mistry, in the email, goes on to say that the board of directors “has not covered itself with glory.” The report also states that Mr. Mistry said he was “shocked beyond words” at the board’s decision.

“The sudden action and lack of explanation has led to all manner of speculation and has done my and the group’s reputation immeasurable harm,” said Mr. Mistry.

“The letter is to emphasise the total lack of corporate governance and a failure of the directors to discharge their fiduciary duty to stakeholders of Tata Sons and the group companies,” he wrote.

Mr. Mistry also commented on issues facing various businesses of the group including the company’s foreign acquisition strategy, the telecom business and the steel business.

🗃️ This story is from our archives and may contain outdated information.