ICICI Bank 2006 Annual Report Download - page 16

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15
Annual Report 2005-2006
III. Board Governance & Remuneration
Committee
Terms of Reference
The functions of the Committee include
recommendation of appointments to the Board,
evaluation of the performance of the Managing
Director & CEO and wholetime Directors on pre-
determined parameters, recommendation to the
Board of the remuneration (including performance
bonus and perquisites) to wholetime Directors,
approval of the policy for and quantum of bonus
payable to the members of the staff, framing of
guidelines for the Employees Stock Option Scheme
and recommendation of grant of ICICI Bank stock
options to the employees and wholetime Directors
of ICICI Bank and its subsidiary companies.
Composition
The Board Governance & Remuneration Committee
comprises five independent Directors and is
chaired by N. Vaghul. There were three meetings
of the Committee during the year. The details of
the composition of the Committee and attendance
at its Meetings are set out in the following table:
Name of Member Number of Meetings attended
N. Vaghul, Chairman 3
Anupam Puri 2
M. K. Sharma 3
P. M. Sinha 2
Marti G. Subrahmanyam(1) 2
(1) Also participated in one meeting through tele-conference.
Chanda D. Kochhar Deputy Managing Director
“We provide complete financial solutions for
our retail and corporate customers by
leaveraging our strengths in distribution,
technology and human capital. Innovation
and excellence in execution will continue to
be the drivers for consolidating our
leadership position in financial services and
products across geographies.”
Mobile Banking
ICICI Bank’s account holders, credit card
holders, demat account holders and loan
customers can access their accounts on the
move with mobile banking.
Internet Banking
Internet Banking is available to all ICICI
Bank savings and deposit account holders,
credit card, demat and loan customers. Our
internet banking service offers our
customers a world of convenience with
services such as balance enquiry,
transaction history, account statements, bill
payments, funds transfers, and account-
related service requests.
ATMs
With over 2,200 ATMs across
the country, ICICI Bank has one
of the largest ATM networks in
India.