News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Rediff.com  » Business » Satyam management may make presentation to new board

Satyam management may make presentation to new board

Source: PTI
January 12, 2009 14:19 IST
Get Rediff News in your Inbox:

Concerned over the image of Satyam, the existing management ofthe IT firmis likely to make a presentation to the new board, which is holding a meeting on Monday at the company's Hyderabad headquarters.

A top company official said, "We are still waiting to receive any communication from the new board. we might make a presentation to the new board."

The government had disbanded the Satyam board and constituted a new board with three eminent persons -- banker Deepak Parekh, IT expert Kiran Karnik and former Sebi member C Achuthan.

B Ramalinga Raju, the founder-chairman of Satyam, resigned after admitting that he had fudged the books for several years. Its top leaders have pledged to remain with the company and work jointly to steer the organisation through the crisis.

Ten of the most senior executives of Satyam, including interim CEO Ram Mynampati, had collectively committed not to resign from the company, which has about 50,000 associates.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!