ICICI Bank 2009 Annual Report Download - page 20

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18
Directors’ Report
Composition
The Credit Committee comprised five Directors including four independent Directors and the Managing Director
& CEO. It was chaired by N. Vaghul. There were eighteen 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 16
Narendra Murkumbi116
M. K. Sharma117
P. M. Sinha27
K. V. Kamath116
1. Also participated in one meeting through tele-conference.
2. Also participated in ten meetings through tele-conference.
The Board of Directors at its Meeting held on April 25, 2009 re-constituted the Committee effective May 1, 2009
consequent to the retirement of N. Vaghul from the Board and appointment of K. V. Kamath as non-executive
Chairman and Chanda D. Kochhar as Managing Director & CEO. K. V. Kamath has been appointed as Chairman
of the Committee and Chanda D. Kochhar has been appointed as a Member of the Committee effective
May 1, 2009.
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.
Composition
The Customer Service Committee comprised five Directors including four independent Directors and the Managing
Director & CEO. It was 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 4
M. K. Sharma 4
P. M. Sinha11
K. V. Kamath 4
1. Also participated in two meetings through tele-conference.
The Board of Directors at its Meeting held on April 25, 2009 re-constituted the Committee effective May 1, 2009
consequent to the retirement of N. Vaghul from the Board and appointment of K. V. Kamath as non-executive
Chairman and Chanda D. Kochhar as Managing Director & CEO. K. V. Kamath has been appointed as Chairman
of the Committee and Chanda D. Kochhar has been appointed as a Member of the Committee effective
May 1, 2009.
VI. Fraud Monitoring Committee
Terms of reference
The Committee monitors and reviews all frauds involving an amount of Rs. 10.0 million and above.