Click to play videoHyderabad: The Government has appointed a new board for Satyam Computerthat will meet on Monday to decide on the company's future.
The new road for Satyam Computer will be charted by MD of HDFC bank Deepak Parekh, - one of the most influential voices in the financial world. Kiran Karnik, the past president of NASSCOM who is a respected voice of the indian IT sector..and C Achuthan - a former SEBI member, considered to be one of the sharpest minds in securities law.
''The most important thing at this stage is to make sure that there is continuity and business delivery both from the point of view of the customers and employees. Priority will be to ensure that business operation go on,” says Karnik.
The new board has been welcomed by experts across the sector
“It’s important to ensure future of Satyam employees is taken care of, Important to restore customers' confidence,” said Infosys mentor Narayana Murthy.
The board will now meet on Monday, a meeting many in IT world are waiting for. Network 18 learns that the board will discuss change in Satyam management and current team "reccommended" by Raju.
The new board of Satyam is confronted with the challenge of ensuring business continuity, stopping migration of clients and employees as well as restore the once healthy financials of the company - quite a daunting task given all that has happened over the last few days.
But perhaps that's the reason why the three men of eminence, who now constitute the new board of Satyam, are best placed to rescue the beleaguered IT giant.
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