ICICI Bank 2009 Annual Report Download - page 16
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14
Corporate
Banking
Directors’ Report
14
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
Wholetime Directors
K. V. Kamath 8 Present 4 3 —
Chanda D. Kochhar 8 Present 5 3 —
V. Vaidyanathan 8 Present 3 — —
Madhabi Puri Buch (upto January 31, 2009) 7 Present N.A. N.A. N.A.
K. Ramkumar (w.e.f. February 1, 2009) 1 N.A. 1 — 1
Sonjoy Chatterjee 8 Present — 3 —
(a) Also participated in one meeting through tele-conference.
(b) Also participated in two meetings through tele-conference.
(c) Also participated in three meetings through tele-conference.
(d) Nominee of Government of India.
1. Includes companies as per the provisions of Section 278 of the Companies Act,1956.
2. Includes foreign companies and other companies that are excluded as per the provisions of Section 278 of the Companies Act,
1956.
3. Includes only Audit Committee and Share Transfer & Shareholders’/Investors’ Grievance Committee of all public limited companies
whether listed or not but excludes committees of private limited companies, foreign companies and companies incorporated
under Section 25 of the Companies Act, 1956. Figures in parentheses indicate Committee Chairpersonships.
No Director of the Bank was a member in more than 10 committees or acted as Chairperson of more than five
committees across all companies in which he/she was a Director.
II. Audit Committee
Terms of Reference
The Audit Committee provides direction to the audit function and monitors the quality of internal and statutory
audit. The responsibilities of the Audit Committee include overseeing the financial reporting process to ensure
fairness, sufficiency and credibility of financial statements, recommendation of appointment and removal of
central and branch statutory auditors and chief internal auditor and fixation of their remuneration, approval of
payment to statutory auditors for other permitted services rendered by them, review of functioning of Whistle
Blower Policy, review of the quarterly and annual financial statements before submission to the Board, review of
the adequacy of internal control systems and the internal audit function, review of compliance with inspection and
audit reports and reports of statutory auditors, review of the findings of internal investigations, review of statement