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Satyam management may make presentation to new board
January 12, 2009 14:19 IST
Concerned over the image of Satyam [Get Quote], 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.
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