December 29, 2008
Two more directors on Monday resigned from the board of Satyam Computer Services , taking the number to three, following differences over an abortive acquisition deal involving two firms promoted by chairman Ramalinga Raju's family.
The NYSE-listed company on Monday announced the resignation of non-executive director Krishna G Palepu, and non-executive and independent director Vinod K Dham from the board, with effect from Sunday.
On December 25, the board's longest serving member Mangalam Srinivasan had resigned from the board owning moral responsibility for the fiasco over the Maytas acquisitions that raised questions about the role of independent directors and corporate governance issues.
PTI
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