Business Daily from THE HINDU group of publications
Tuesday, Feb 03, 2009
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Business Daily from THE HINDU group of publications Tuesday, Feb 03, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Info-Tech
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Software
Our Bureau Hyderabad, Feb. 2 The six-member board of Satyam Computer Services will meet on February 4 here. The meeting assumes significance with the Securities and Exchange Board of India agreeing to amend norms of open offer rules. Backed by SEBI nod, the Government-appointed board might actively consider proposals and chart out a transition plan. The board is also expected to finalise and announce a candidate who can lead the company. Sources said the board might as well consider appointing an Executive Director if the decision to appoint a CEO or CFO is delayed for some more days. “Announcement relating to critical leadership appointments is expected to be made at the board meeting,” a Satyam spokesperson said. She claimed that Satyam was able to retain 95 per cent of its top-20 customers. “A global aviation company renewed their infrastructure services contract with us. Besides, we won a new contract in the technology infrastructure sector,” she said. More Stories on : Software | Satyam Computer Services Ltd
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