ICICI Bank 2006 Annual Report Download - page 20

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19
Annual Report 2005-2006
VII. 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.
Composition
The Share Transfer & Shareholders’/Investors’ Grievance Committee comprises four Directors and is
chaired by M. K. Sharma, an independent Director. There were 12 meetings of the Committee during the
year. The details of the composition of the Committee and attendance at its Meetings are given below:
Name of Member Number of Meetings attended
Uday Chitale, Chairman (up to August 20, 2005) 5
M. K. Sharma, Chairman (w.e.f. August 21, 2005) 6
Somesh R. Sathe (up to January 28, 2006) 8
Narendra Murkumbi (w.e.f. January 29, 2006) 1
Kalpana Morparia 6
Chanda D. Kochhar 10
Jyotin Mehta, General Manager & Company Secretary is the Compliance Officer. 5,812 shareholder
complaints received in fiscal 2006 were processed to the satisfaction of shareholders. At March 31, 2006,
five complaints were pending.
VIII.Committee of Directors
Terms of reference
The powers of the Committee include review of performance against targets for various business groups,
credit approvals as per authorisation approved by the Board, approvals in respect of borrowing and
treasury operations and premises and property related matters.
Composition
The Committee of Directors comprises of all five wholetime Directors and is chaired by K.V. Kamath,
Managing Director & CEO.
IX. Asset Liability Management Committee
Terms of reference
The functions of the Committee include management of the balance sheet of the Bank, review of the
asset-liability profile of the Bank with a view to manage the market risk exposure assumed by the Bank
and deciding the deposit rates and Prime Lending Rate (PLR) of the Bank.
Composition
The Asset Liability Management Committee comprises the Joint Managing Directors and Deputy Managing
Directors and is chaired by Lalita D. Gupte, Joint Managing Director.