Top 8 Quotes & Sayings by Cyrus Pallonji Mistry

Explore popular quotes and sayings by an Indian businessman Cyrus Pallonji Mistry.

Last updated on December 21, 2024.

Cyrus Pallonji Mistry is an Irish businessman of Indian origin. He was the chairman of Tata Group, an Indian business conglomerate, from 2012 to 2016. He was the sixth chairman of the group, and only the second to not bear the surname Tata. In mid-2012, he was chosen by a selection panel to head the Tata Group and took charge in December the same year. In October 2016, the board of Tata Group's holding company, Tata Sons, voted to remove Mistry from the post of chairman after offering him an opportunity to resign voluntarily. Former chairman Ratan Tata then returned as interim chairman, and Natarajan Chandrasekaran was named as the new chairman a few months later. However, in December 2019, the National Company Law Appellate Tribunal (NCLAT) declared the appointment of Chandrasekaran as executive chairman illegal, and restored Mistry. However, the Supreme Court stayed NCLAT's order on 10 January 2020. Mistry has filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT. However the Supreme Court upheld his dismissal.

Indian - Businessman | Born: July 4, 1968

Source: Wikipedia

If wrong decisions, both from a governance perspective and ethics, happen, this is a slippery slope that we will go down. Unless and until you recognise this, you will not take the right decisions.

Cyrus Pallonji Mistry

Shareholder value gets lost when things are done illegally, when corporate governance is not adhered to, when cohesive action is not taken.

Cyrus Pallonji Mistry

Let us look at international institutions and trusts. Trusts have a certain roles and unless you define what their roles are, what is it that they control? Are they controlling the day-to-day operations? If you do that, then what is Tata Sons for? What are the operative companies for? Effectively, you need to have clarity on the roles of different players inside a structure. That is the governance framework.

Cyrus Pallonji Mistry

When you look at good governance, you also need to look at how you approach the subject.

Cyrus Pallonji Mistry

When an institution goes through an inflection point, it has to institutionalise itself. That institutionalisation requires governance to be put in place, governance processes.

Cyrus Pallonji Mistry

At the end of the day, everybody has to take the right decisions for the right reasons.

Cyrus Pallonji Mistry

I am not looking for board positions, I am looking for good governance.

Cyrus Pallonji Mistry

I think when you take decisions, you should take them not on the basis of what you believe is a convenient outcome, but what you believe is the right outcome. That's something that is important.

Cyrus Pallonji Mistry

Top 8 Quotes & Sayings by Cyrus Pallonji Mistry

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