Satyam ranks first in two global Investor Relations categories

Satyam Computer Services Ltd on April 03, 2007 has announced that it had earned the top spot in two categories in the 2007 Investor Relations Global Rankings by MZ Consult.

The Company was ranked "number one in India and among the top 5 in the Asia / Pacific region" in the financial disclosure procedures category. In the corporate governance category, the Company was ranked "number one in the Asia / Pacific region."

The Global IR Rankings were based on a comprehensive methodology developed by MZ Consult, an investor relations and financial communications firm. The ranking system entails extensive research by several respected Companies and investors, and includes input from audit, corporate governance, and legal experts, such as KPMG Independent Auditors, Linklaters, and JP Morgan. The annual survey, which began in 1999, low includes 145 Companies from 33 countries.

The criteria for Earnings Release and Financial Disclosure Procedures include operating information, income statement, balance sheet, cash flow analysis, guidance, and distribution / dissemination. Analysis was based primarily on the quality of information provided in participating organizations’ quarterly financials and earnings releases.

"We are pleased to be recognized for the excellence of our financial earnings release and financial disclosure practices," said Srinivas Vadlamani, Chief financial officer, of the Company. "Our practices are designed to provide complete, accurate, timely information in clear formats.

The Best Corporate Governance Practices ranking highlights the Company's capabilities in creating, maintaining, and managing value, while balancing stakeholder interests. The evaluation process took into account:

- Management accountability to promote the alignment of interests of shareholders and managers.

- The performance of the two fundamental duties of the Board of Directors, which are the supervision of setting the Company's Executive Management and long-term goals.

- Minority shareholder protection, Capital structure and other policies, transparency, and equality.

"Our top ranking highlights Satyam's emphasis on governance," said Srinivas, "It demonstrates our commitment to being a responsible corporate citizen who leverage best practices wherever possible. It also shows that we continuously strive to find creative, productive ways to delight associates, investors, customers, and society. Delighting stakeholders is one of Satyam's key principles, and an element of everything we do at Satyam."

Source : Equity Bulls

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