Satyam Computer Services would focus on core activities to try to restore the confidence of investors. It has asked to forget the previous developments and pledges to bring transparency in the system. The board of the company would meet on January 10, 2009 to discus all possible steps to boost the stakeholder's confidence.

Company's chairman, Ramalinga Raju said, "While the idea that we could diversify into an unrelated business was rejected by our investors, it was formed with the belief that doing so would not imperil our leadership in our core business or lessen our commitment to it, and that all stakeholders would benefit. Satyam did not-and does not now-intend to retreat from IT and BPO services in any way.'' He said that he will stick to his commitment and discharg his duties and responsibilities to fulfill the aspirations of customers and employees.

Meanwhile, institutional investors and analysts asked to strengthen the governance of the company by increasing the size and changing the composition of its board of directors. Viju George and Kunal Sangoi of Edelweiss Securities, while commenting on the possibility of management alteration, said, "This is purely cosmetic. In our view, investors will not be appeased with this course of action unless management is forced out. After all, they could perceive the board (and some of the stalwarts in it) as ineffective, but not dubious."

Meanwhile, an independent director of the company, TS Prasad rejected the rumors of resignation and said, "Doubts are being raised on the continuance of the other independent directors on Satyam's board, from which four directors have already resigned. I am of the view that resigning from the board now is like deserting a troubled ship. Restoring the confidence of all these stakeholders is the task of utmost importance awaiting the consideration of the board."