ICICI Bank 2008 Annual Report Download - page 23

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Towards a better life
Composition
The Customer Service Committee comprises five Directors including four independent Directors and the
Managing Director & CEO. It is chaired by N. Vaghul. There were four 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, Chairman 4
Narendra Murkumbi 3
M. K. Sharma 4
P. M. Sinha 1
K. V. Kamath 4
VI. Fraud Monitoring Committee
Terms of reference
The Committee monitors and reviews all frauds involving an amount of Rs. 10.0 million and above.
Composition
The Fraud Monitoring Committee comprises five Directors, namely, M. K. Sharma, Narendra Murkumbi,
K. V. Kamath, Chanda D. Kochhar and V. Vaidyanathan and is chaired by M. K. Sharma, an independent
Director. There were nine 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
M. K. Sharma, Chairman 8
Narendra Murkumbi 6
K. V. Kamath 9
Kalpana Morparia (upto May 31, 2007) 3
Chanda D. Kochhar 8
V. Vaidyanathan (w.e.f. June 1, 2007) 3
N. Vaghul, Sridar Iyengar, L. N. Mittal, Anupam Puri, P. M. Sinha and Marti G. Subrahmanyam attended
one Meeting as invitees.
VII. 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. The Committee also reviews key risk indicators covering areas such
as credit risk, interest rate risk, liquidity risk, foreign exchange risk and internal audit.
Composition
The Risk Committee comprises five Directors including four independent Directors and the Managing
Director & CEO. It is chaired by N. Vaghul. There were five 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 5
Sridar Iyengar 5
Marti G. Subrahmanyam1 3
V. Prem Watsa 3
K. V. Kamath 3
1. Also participated in one meeting through tele-conference.
Narendra Murkumbi, M. K. Sharma and P. M. Sinha attended one Meeting as invitees.
Annual Report 2007-2008 21
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