ICICI Bank 2005 Annual Report Download - page 22

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composition of the Committee and attendance at its Meetings are given in the following table:
VIII. Fraud Monitoring Committee
Terms of reference
The Committee monitors and reviews all frauds involving Rs. 10.0 million and above.
Composition
The Fraud Monitoring Committee comprises five Directors, namely, Uday M. Chitale, M. K. Sharma, K. V.
Kamath, Kalpana Morparia and Chanda D. Kochhar and is chaired by Uday M. Chitale.
There was one Meeting of the Committee during the year which was attended by all the members of the
Committee.
IX. Risk Committee
Terms of reference
The Committee reviews ICICI Bank’s risk management policies in relation to various risks (credit, 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 five 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 the
composition of the Committee and attendance at its Meetings are given in the following table:
(1) Also participated in one meeting through tele -conference.
X. 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, delegation of authority for opening and operation of
bank accounts for payment of interest, dividend and redemption of securities and the listing of securities
on stock exchanges.
20
Directors’ Report
Number of Meetings attended
N. Vaghul, Chairman
Somesh R. Sathe
M. K . Sharma (w.e.f. August 1, 2004)
Satish C. Jha (up to September 20, 2004)
K. V. Kamath
Name of Member
6
5
2
1
6
Number of Meetings attended
N. Vaghul, Chairman
Uday M. Chitale
(1)
Marti G. Subrahmanyam
(1)
V. Prem Watsa
K. V. Kamath
Name of Member
4
4
3
1
4
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