Satyam Computer Services Ltd. (fka SAYCY)

[mcmorlod3]

News for 'SAY' - (US organisation to award Satyam for talent training programme)


New Delhi, Feb 01, 2009 (Asia Pulse Data Source via COMTEX) -- At a time when
the accounting fraud continues to haunt Satyam Computer Services, the software
exporter will be receiving an award for internal training programme from an
American entity.

The American Society for Training and Development (ASTD) will be conferring the
award to Satyam for its "Talent Preparation Service".

"Satyam Computer Services will be presented with an Excellence in Practice Award
for its Talent Preparation Service. The awards ceremony will be June 1, 2009, in
Washington," ASTD Director (Governance) Carol Chulew told PTI in an emailed
statement.

In January, Satyam's founder B Ramalinga Raju confessed to fudging the company's
account books to the tune of Rs 7,800 crore. Following the confession, the
software exporter is being investigated by multiple agencies for the fraud and
related issues.

"The Satyam Talent Preparation Service is an onboarding program that greatly
decreased time-to-competency for its employees. This program addresses an issue
that many companies face, especially with Generation X and Y," Chulew said.

ASTD is an association dedicated to workplace learning and performance
professionals. Its members are from over 100 countries and connects with 12
global partners.

"Excellence in Practice Awards recognise proven practices that meet a
demonstrated need, have appropriate design values, are aligned with other
performance improvement initiatives, and deliver clear and measurable results
for their organisations," Chulew said.

In the wake of the scam, UK-based World Council for Corporate Governance had on
January 12 decided to take back its highest honour -- Golden Peacock Global
Award for excellence in corporate governance -- bestowed on Satyam. The award
for 2008 was given to the software exporter in October last year.




Copyright 2009 APU Newswire. All rights reserved.

-0-




SUBJECT CODE: PTI