Tata Trusts Proposes Changes to Bai Hirabai Trust's Trustee Eligibility Criteria
Bai Hirabai Trust to alter clauses on trustee eligibility: Tata Trusts
Business Standard
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Tata Trusts plans to amend the Bai Hirabai Trust's eligibility criteria for trustees, which currently prohibits non-Zoroastrians. This decision follows a challenge by former trustee Mehli Mistry against recent appointments. The trustees aim to align the trust's policies with Tata's inclusive values.
- 01Tata Trusts seeks to amend restrictive trustee eligibility clauses.
- 02Former trustee Mehli Mistry challenged recent appointments citing eligibility issues.
- 03The Bai Hirabai Trust has a history of including non-Zoroastrians since 2000.
- 04The trust was established under the 1916 Codicil of Sir Ratan Tata's will.
- 05Tata Trusts emphasizes its commitment to inclusivity and philanthropy.
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Tata Trusts announced its intention to modify the Bai Hirabai Trust's eligibility criteria for trustees, specifically the clause that prohibits non-Zoroastrians from serving. This decision follows a complaint by Mehli Mistry, a former trustee, who contested the appointments of Venu Srinivasan and Vijay Singh, arguing they did not meet the trust's requirements. The trustees, led by Noel N Tata, emphasized that the Tata ethos is inclusive and focused on philanthropy. Since 2000, non-Zoroastrians have been appointed to the trust, following legal advice. The Bai Hirabai Trust was established under the 1916 Codicil of Sir Ratan Tata's will, which did not impose any ethnic or religious restrictions on trustees. Tata Trusts aims to align the trust's operations with its values of inclusivity and service to the nation.
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The proposed changes could lead to a more diverse board of trustees, reflecting broader community representation and potentially enhancing the trust's philanthropic outreach.
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