Satyam mgt may make presentation to new board

Concerned over the image of Satyam, the existing management of the IT firm is likely to make a presentation to the new board, which is holding a meeting today at the company's Hyderabad headquarters.

When contacted by PTI, a top company official said: "We are still waiting to receive any communication from the new board. We might make a presentation to the new board."

The government had disbanded the Satyam board and constituted a new board with three eminent persons -- banker Deepak Parekh, IT expert Kiran Karnik and former Sebi member C Achuthan.

B Ramalinga Raju, the founder-chairman of Satyam, resigned after admitting that he had fudged the books for several years. Its top leaders have pledged to remain with the company and work jointly to steer the organisation through the crisis.

Ten of the most senior executives of Satyam, including interim CEO Ram Mynampati, had collectively committed not to resign from the company, which has about 50,000 associates.