SATYAM CODE OF MISCONDUCT

No escape: independent directors won’t go scot free

feBureau

Posted: Thursday, Jan 08, 2009 at 2328 hrs IST
Updated: Thursday, Jan 08, 2009 at 2328 hrs IST


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New Delhi: raising corporate governance issues then forced the chairman to drop the plan to acquire Mytas  Infra and Maytas Properties, citing its wrong assessment of the likely impact that the announcement would have. Then on December 18, Satyam board announced that it would meet on December 29 to consider a share buyback in a bid to restore the battered investor confidence but on December 23, The World Bank on allegations of data theft and providing improper announced its decision that it would not give any further business to Satyam Computer beginning September 2008....

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