ICICI Bank 2003 Annual Report Download - page 43

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41
Directors’ Report
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 ........................................... 6
Satish C. Jha ....................................................... 4
Somesh R. Sathe ................................................ 5
K. V. Kamath ....................................................... 6
VIII. Risk Committee
Terms of Reference
The Committee reviews ICICI Bank’s risk management policies in relation to various risks (portfolio,
liquidity, interest-rate, off-balance sheet and operational risks), investment policies and strategy, and
regulatory and compliance issues in relation thereto.
Composition
The Risk Committee comprises four Directors. It is chaired by N. Vaghul and a majority of its members
are independent Directors. There were four 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 ........................................... 4
Uday M. Chitale .................................................. 3
Marti G. Subrahmanyam .................................... 4
K. V. Kamath ....................................................... 2
IX. Share Transfer & Shareholders’/Investors’ Grievance Committee
Terms of Reference
The functions and powers of the Committee include approval and rejection of transfer or transmission
of equity and preference shares, bonds, debentures and securities, issue of duplicate certificates, allotment
of shares and securities issued from time to time, including those under stock options, review and
redressal of shareholders’ and investors’ complaints, the opening and operation of bank accounts for
payment of interest and dividend and the listing of securities on stock exchanges.
Composition
The Share Transfer & Shareholders’/Investors’ Grievance Committee comprises four Directors and
is chaired by Uday Chitale, an independent Director. There were 13 meetings of the Committee
during the year.