Infosys top brass not to join Satyam board: Nilekani
Even as the Govt is scouting for new board members and a CEO for Satyam Computer, Infosys Technologies steered clear that its top brass will not join the crisis-ridden firm due to conflict of interest.business Updated: Jan 15, 2009 17:43 IST
Even as the government is scouting for new board members and a CEO for Satyam Computer, the country's second largest software exporter Infosys Technologies on Thursday steered clear that its top brass will not join the crisis-ridden firm due to conflict of interest.
Asked if any senior manager will join the board of Satyam, Infosys Co-Chairman Nandan Nilekani said: "... That will not work. There is a clear conflict of interest. We are responsible for Infosys, many of us are shareholders of Infosys."
It would not be fair on either of the companies, if anyone from joins the new Satyam team, he added. However, he added that the new members on the Satyam board are very impressive.
The name of Narayan Murthy, chief mentor of Indian IT bellwether Infosys, was doing the rounds as a member on the new Satyam board.
The Ministry of Corporate Affairs had constituted a new three-member Satyam Board, comprising HDFC Bank Chairman Deepak Parekh, former NASSCOM President Kiran Karnik, and former SEBI member C Achuthan, after the admission of financial fraud by Satyam's founder.