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Indian government forces board appointments on Satyam
Technology people
Indian government forces board appointments on Satyam | Indian government forces board appointments on Satyam |
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| Monday, 12 January 2009 | |
Engulfed by a fraud scandal and its very existence under threat, services group Satyam has had three new members on a newly constituted board forced on it by the Indian Ministry of Corporate Affairs.Featured Whitepaper
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Most popular skills tags.NET Active Directory C# Cisco Development HTML Infrastructure Management Network Oracle Project Management SAP SDLC SQL Server Support Sybase TCP/IP Unix VB.NET Web Services/SOAP XMLSatyam welcomed the appointments to its newly formed board of “three distinguished members”, claiming that “this key development” will ensure the company’s continued operations, help maintain customer confidence and associated morale, as well as restoring investor trust. “The new members are eminent and accomplished leaders, recognised in India and around the world for their expertise in finance, law, administration and the IT services industry. Satyam's leadership team has complete confidence in them and pledges to work closely and in full cooperation with the new board," the Satyam spokesman said. With the board to convene in the next 24 hours, the company said the appointments were a vital stabilising development for Satyam and marked the beginning of a new chapter in the company's history. “It is the best news we've received in the past four weeks," the company spokesperson added. |
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