HYDERABAD, India, Jan 12 - The new board of Indian outsourcer Satyam Computer (SATY.BO) (SAY.N), which has been hit by a financial scandal, spoke to the media in the southern city of Hyderabad on Monday after their first meeting.
The government dissolved Satyam's board and installed a new three-man board on Sunday as it rushed to contain a fallout from India's biggest corporate scandal, after its founder last week revealed massive accounting fraud and quit.
Following are comments by the new board members: Deepak Parekh, chairman of top mortgage firm Housing Development Finance Corp (HDFC.BO); Kiran Karnik, former president of technology industry group National Association of Software and Service Companies; and C. Achutan, a former official at regulator Securities and Exchange Board of India.
Unless noted, the following comments are by Parekh.
THE BOARD'S PRIORITY
"The top priority of the board is to restore confidence of the customers, employees, suppliers and the investors by ensuring business continuity."
"Given the enormity of the issue and the urgent attention required, the board will meet frequently for the next few months."
"We'd like to assure Satyam's customers that our immediate priority is to ensure sustainability of service with minimal disruptions."
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