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Hyderabad, Jan. 10 The Union Government’s decision to scrap the present, depleted board of Satyam Computer Services has been seen as a good move not only to protect the interests of the company and its 51,000-strong employees, but also to improve the image of Corporate India, which was dented following the startling disclosures of fraud by Mr B. Ramalinga Raju.

“It is an excellent move. It will definitely help make a distinction between the management and the operations of the company. Keeping in mind the dented image of the present board, the Government decision to appoint a fresh board would help,” Mr Ganesh Natarajan, Chairman of Nasscom and Managing Director of Zensar Technologies, told Business Line.

“This, however, is my personal opinion. As Nasscom, we haven’t discussed the issue yet,” he said.

This, he said, would also help instil confidence in the investors and the Indian corporate governance norms.

According to Mr K.N. Murthy, Partner in Murthy and Srinivas Chartered Accountants, and Ms K. Gowri, cost accountant, the new board appointed by the Government could run the operations till alternative arrangements are made by the company’s shareholders in the normal course.

More Stories on : Corporate Governance | Software | Software | Satyam Computer Services Ltd

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