ICICI Bank 2003 Annual Report Download - page 42

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40
Directors’ Report
Composition
The Board Governance & Remuneration Committee comprises four independent Directors and is chaired
by N. Vaghul. There were two meetings of the Committee during the year. The details of composition
of the Committee and attendance at its meetings are given below:
Name of Member Number of Meetings attended
N. Vaghul, Chairman ........................................... 2
R. Seshasayee (w.e.f. June 30, 2002) ............... 2
P. M. Sinha .......................................................... 1
D. Sengupta (up to June 30, 2002) .................. Not Applicable
Anupam Puri (w.e.f. March 28, 2003) ............... Not Applicable
VI. Business Strategy Committee
Terms of Reference
The function of the Committee is to approve the annual income and expenditure and capital expenditure
budgets for presentation to the Board for final approval and to review and recommend to the Board the
business strategy of ICICI Bank.
Composition
The Business Strategy Committee comprises five Directors. It is chaired by N. Vaghul and a majority of
its members are independent Directors. There was one meeting of the Committee during the year. The
details of composition of the Committee and attendance at the meeting are given below:
Name of Member Number of Meetings attended
N. Vaghul, Chairman ........................................... 1
Anupam Puri ....................................................... —
R. Seshasayee .................................................... 1
P. M. Sinha .......................................................... —
K. V. Kamath ....................................................... 1
VII. Credit Committee
Terms of Reference
The functions of the Committee include review of developments in key industrial sectors and approval
of credit proposals as per authorisation approved by the Board.
Composition
The Credit Committee comprises four Directors. It is chaired by N. Vaghul and a majority of its
members are independent Directors. There were six meetings of the Committee during the year.