The Central government on Sunday appointed three new independent directors on the board for Satyam. Directors are HDFC chairman Deepak Parekh, former Nasscom chairman Kiran Karnik and former Sebi member C Achutan taken the board on Sunday. Other members will be announced later.
The board is expected to be convened immediately to decide the further course of action.Decision to this effect will be taken today when the board meets for the first time.The board can be expanded to include seven more directors. The chairman of the company will be decided by the new board.
Gupta said that the board’s first priority would be to restore the company’s credibility, customer confidence and employee morale apart from safeguarding the interests of investors and other stakeholders.