Satyam Board meeting resumes,may name CEOhttps://indianexpress.com/article/news-archive/web/satyam-board-meeting-resumes-may-name-ceo/

Satyam Board meeting resumes,may name CEO

The board of beleaguered Satyam met for the second successive day to discuss hiring a CEO and CFO to run the company.

The board of beleaguered Satyam Computer Services met for the second successive day on Friday to discuss arranging funds for the firm and hiring a CEO and CFO to run the company.

The meeting started today with all the six members of the board — Deepak Parekh,C Achuthan,Kiran Karnik,Tarun Das,T N Manoharan and S Balkrishna Mainak.

The board has received 40 applications for the post of CEO. Parekh had earlier said that the company could consider mortgaging assets like real estate to raise cash from banks.

Another crucial agenda would be to discuss legal matters in the wake of the class action suits filed against the company and whether it needs to ask the government to stand as guarantor for raising loans.