https://www.taxtmi.com/news?id=59950 A governance dispute arose when three trustees blocked reappointment of a senior trustee, centring on whether reappointment is automatic on expiry or requires unanimous approval. A trustees' resolution asserted lifetime appointments and warned that voting against reappointment would amount to a breach of commitment, potentially reopening earlier resolutions including board appointments. One trustee was made lifelong unanimously while another was denied renewal, and a judicial challenge is contemplated. en-us Tue, 28 Oct 2025 13:46:03 +0530 Tue, 28 Oct 2025 13:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=59950 A governance dispute arose when three trustees blocked reappointment of a senior trustee, centring on whether reappointment is automatic on expiry or requires unanimous approval. A trustees' resolution asserted lifetime appointments and warned that voting against reappointment would amount to a breach of commitment, potentially reopening earlier resolutions including board appointments. One trustee was made lifelong unanimously while another was denied renewal, and a judicial challenge is contemplated. News - Tue, 28 Oct 2025 13:46:03 +0530 https://www.taxtmi.com/news?id=59950