ICICI Bank 2010 Annual Report Download - page 24
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Directors’ Report
22
Composition
The Customer Service Committee currently comprises six Directors including five non-executive Directors and
the Managing Director & CEO. It is chaired by K. V. Kamath. There were six 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 (upto April 30, 2009) —
K. V. Kamath, Chairman (w.e.f. May 1, 2009) 6
Narendra Murkumbi 2
Anup K. Pujari (w.e.f. July 25, 2009) 1
M. S. Ramachandran (w.e.f. July 25, 2009) 4
M. K. Sharma 5
P. M. Sinha1 (upto January 21, 2010) 1
Chanda D. Kochhar (w.e.f. May 1, 2009) 3
1. Also participated in one Meeting through tele-conference.
VII. Fraud Monitoring Committee
Terms of reference
The Committee monitors and reviews all frauds involving an amount of Rs. 10.0 million and above so as to
identify the systemic lacunae, if any, that facilitated perpetration of the fraud and put in place measures to
rectify the same, identify the reasons for delay in detection, if any, and reporting to top management of the
Bank and RBI, monitor progress of investigation, and recovery position, ensure that staff accountability is
examined at all levels in all the cases of frauds and action, if required, is completed quickly without loss of time
and review of efficacy of the remedial action taken to prevent recurrence of frauds, such as strengthening of
internal controls and putting in place other measures as may be considered relevant to strengthen preventive
measures against frauds.
Composition
The Fraud Monitoring Committee currently comprises five Directors, including three non-executive Directors. The
Committee is chaired by M. K. Sharma. There were six 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
M. K. Sharma, Chairman 5
K. V. Kamath 6
Narendra Murkumbi 2
Chanda D. Kochhar 6
V. Vaidyanathan (upto April 30, 2009) 1
Sandeep Bakhshi (w.e.f. May 1, 2009) 5
The Board of Directors at its Meeting held on April 24, 2010 re-constituted the Committee effective April 24, 2010
consequent to the resignation of Narendra Murkumbi from the Committee. V. Sridar has been appointed as a
member of the Committee in place of Narendra Murkumbi.