ICICI Bank 2008 Annual Report Download - page 22

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Directors’ Report
Name of Director Amount (Rupees)
M. K. Sharma 1,180,000
P.M. Sinha 260,000
Marti G. Subrahmanyam 180,000
T. S. Vijayan 40,000
V. Prem Watsa 160,000
Total 38,80,000
The details of shares and convertible instruments of the Bank, held by the non- wholetime Directors as
on March 31, 2008 are set out in the following table:
Name of Director Instrument No. of shares held
N. Vaghul Equity 27,543
Sridar Iyengar — —
Narendra Murkumbi — —
L. N. Mittal Equity 3,120,7001
Anupam Puri — —
Arun Ramanathan — —
M. K. Sharma Equity 10,000
P. M. Sinha — —
Marti Subrahmanyam Equity
American Depositary Share (ADS)2
1,613
29,500
T. S. Vijayan — —
V. Prem Watsa — —
1. Includes 10,000 shares held indirectly through companies of which he and his family are ultimate beneficial owners.
2. One ADS represents two equity shares.
IV. 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 five Directors including four independent Directors and the Managing
Director & CEO. It is chaired by N. Vaghul. There were 21 meetings of the Committee during the year. The
details of the composition of the Committee and attendance at its Meetings are as follows:
Name of Member Number of meetings attended
N. Vaghul, Chairman119
Narendra Murkumbi215
M. K. Sharma 21
P. M. Sinha34
K. V. Kamath 20
1. Also participated in one meeting through tele-conference.
2. Also participated in two meetings through tele-conference.
3. Also participated in twelve meetings through tele-conference.
Prem Watsa attended one Meeting of the Credit Committee as an invitee.
V. Customer Service Committee
Terms of reference
The functions of this Committee include review of customer service initiatives, overseeing the functioning
of the Customer Service Council and evolving innovative measures for enhancing the quality of customer
service and improvement in the overall satisfaction level of customers.
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ICICI BANK_(Fin_Matter 1-64).ind20 20ICICI BANK_(Fin_Matter 1-64).ind20 20 6/20/08 5:03:00 PM6/20/08 5:03:00 PM