The board of Satyam Computer Services would meet on December 29 to discuss the various issues including the fate of its independent director, Dr Mangalam Srinivasan and Chairman, Ramalinga Raju. Dr. Srinivasan and Mr. Raju are under pressure to quit their posts following the failed attempts to acquire Maytas firms. The Dean of Indian School of Business, Dr Mendu Rammohan Rao would also attend the proposed meet.

The World Bank had earlier banned the company for eight years, following the charges of bribery to its employees and corruption. The bank has also rejected the apology of the Hyderabad-based software services company .The top brass of the company would seek clarifications from executives on all controversial issues in the proposed meeting.

Commenting on the development, Prof. Raju said, "I'm not contemplating to resign. I feel that it is not called for. I think that we have done the right thing in the interests of the company." He said that he would attend the board meeting to discuss all relevant issues.

Some political leaders have also demanded the removal of the Dean of Indian School of Business, Dr Mendu Rammohan Rao from all selection committees. Socialist Party (RSP) MP, Abani Roy requested the PM, Dr. Manmohan Singh to take all possible measures to restore the image of the company. He said in a letter to the PM, "His (Rao) actions in the boardroom of Satyam, further accentuated by his stoic silence on various issues, reflect an irresponsible role of conduct on his behalf."