The six-member board of Satyam Computer Services is holding the crucial two-day meeting in Hyderabad on Thursday, to discuss among other things issues concerning mobilisation of finances and a strategy to hold major clients.
The third meeting in a row, the board will also consider appointment of chief executive officer and chief financial
officer the two key posts needed to revive the company.
The government had appointed Tarun Das, T N Manoharan and S Balkrishna Mainak, on Satyam's board, which already had Deepak Parekh, Kiran Karnik and C Achuthan.
After its last meeting on 17th January, the board of troubled Satyam had said that it was looking for funds, for
which it had opened a dialogue with lenders, to ensure salaries to employees and normal business operations, even as the search for a new CEO and CFO continued.
Representatives of a few lenders, including Citibank and ICICI Bank, had visited the Satyam headquarters, presumably for discussions with the new leadership of the IT company.
The second board meeting also constituted an audit panel and had appointed legal advisors Amarchand & Mangaldas, Suresh A Shroff & Co to the board, and internal auditors Brahmayya & Co.
No comments:
Post a Comment