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Home
Loans
The Power of Belief
13Annual Report 2008-2009
entered into with stock exchanges, and in accordance with best practices in corporate governance. The Board
functions either as a full Board or through various committees constituted to oversee specific operational areas.
The Board has constituted eight committees, namely, Audit Committee, Board Governance & Remuneration
Committee, Credit Committee, Customer Service Committee, Fraud Monitoring Committee, Risk Committee,
Share Transfer & Shareholders’/Investors’ Grievance Committee and Committee of Directors. These Board
Committees other than the Committee of Directors mainly consist of independent Directors and are chaired by
an independent Director. The Board of Directors at its Meeting held on April 25, 2009 has dissolved the Strategy
Committee of the Board.
At March 31, 2009, the Board of Directors consisted of 16 members. There were eight meetings of the Board during
fiscal 2009 – on April 26, July 26, October 27, November 22-23 and December 19 in 2008 and January 5, January 24
and March 6-7 in 2009. The names of the Directors, their attendance at Board Meetings during the year and the
number of other directorships and Board Committees memberships held by them at March 31, 2009 are set out
in the following table:
Name of Director
Board Meetings
attended during
the year
Attendance at
last AGM
(July 26, 2008)
Number of other
directorships Number of other
committee
3
memberships
Of Indian
companies
1
Of other
companies
2
Independent Directors
N. Vaghul 8 Present 10 9 2 (1)
Sridar Iyengar
(a)
7 Present 6 3 4 (2)
L. N. Mittal
(b)
2 Absent — 7 —
Narendra Murkumbi 7 Absent 6 4 2
Anupam Puri
(a)
4 Present 4 — 2 (1)
Arun Ramanathan (upto January 26, 2009)
(d)
— Absent N.A. N.A. N.A.
Anup K. Pujari (w.e.f. January 27, 2009)
(d)
1 N.A. 1 — —
M. K. Sharma 7 Present 4 1 2 (1)
P. M. Sinha
(b)
6 Present 2 1 3 (1)
Marti G. Subrahmanyam
(c)
5 Present 2 6 1
V. Prem Watsa
(a)
3 Absent — 15 —
T. S. Vijayan 2 Absent 6 8 1 (1)