New board to protect Satyam staff, investors

A day before the second meeting of the new Satyam Computer Services board, newly-appointed director Tarun Das said the priority of the six-member team would be to protect the interest of employees, customers and investors.

"Our collective endeavour is to help find solutions to extremely difficult challenges facing the company and the priority is, as other board members have said, to safeguard the interest of employees, customers and investors," CII Chief mentor said after being appointed on the troubled IT firm's board.

Das said he has accepted "the request" to serve on the government-nominated board of Satyam "in a spirit of public service".

The board, which held its first meeting on January 11, would be meeting on Saturday for the second time after the government appointed it to salvage the company from the impact of about Rs 7,800 crore (Rs 78 billion) fraud.

Besides Das, HDFC chairman Deepak Parekh, Nasscom past president Kiran Karnik and past presiding officer of the Securities Appellate Tribunal C Achuthan are the new members of the expanded board.