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Another Blow to Satyam- Three More Independent Directors Quit

Neha Dhamija


It seems like the saga of Satyam woes is not going to stop in near time and the latest blow to the Indian Computer services giant is the resignation of three more independent directors. Satyam Computers confirmed the resignation while announcing the rescheduled date of the board meeting.


Two independent Satyam directors- Krishna Palepu and Vinod Dham have already resigned from the board with effect from December 28 and later in the day Satyam confirmed the resignation of Rammohan Rao.


The board meeting of the Satyam Board of Directors has been rescheduled to January 10, 2009. The board will formulate strategic measures to strengthen the governance structure and for altering the board composition.

 
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