Tata Sons owns the $106 billion salt-to-software conglomerate, is planning an overhaul of its leadership structure by creating a chief executive officer's (CEO) role to help improve corporate governance. As per the proposed proposal, the CEO will lead the 153-year-old Tata Empire’s broad businesses, while the chairman will oversee the CEO on behalf of shareholders. From a functional or compliance standpoint, Tata Sons does not require a CEO, at least not in the traditional sense, as the holding company of India's largest corporate conglomerate with no operations directly under it and being an unlisted company. Given the importance of Tata Group for India, any change in leadership would be of great importance for the stakeholders.