Executors of Ratan Tata's will start on shortlist for NGO boards
Tata had set up the Ratan Tata Endowment Foundation and Ratan Tata Endowment Trust in his last years, to bequeath a significant portion of his assets. People close to the recently-deceased industrialist said his wish was that the two organisations continue philanthropy.
Senior lawyer Darius Khambata and Tata Sons chairman N Chandrasekaran are among those seen as most likely to be part of the foundation, as Tata had expressed a desire to include them on the board, the people said.
Tata had named Khambata, his two half-sisters and Mehli Mistry as executors of the will. The half-sisters — Shireen and Deanna Jejeebhoy — are also seen as eligible for roles at the foundation, the people said.
There is speculation some Tata Trustees— including Trusts chairman Noel Tata and Pramit Jhaveri—may be considered as foundation directors.
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