ICICI Bank 2010 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 2010 ICICI Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

23Annual Report 2009-2010
khayaal aapka
VIII. Risk Committee
Terms of reference
The Committee is empowered to review ICICI Bank’s risk management policies in relation to various risks (credit,
market, liquidity, operational and reputation risks), investment policies and strategy and regulatory and compliance
issues in relation thereto. The Committee is also empowered to review risk return profile of the Bank, capital
adequacy based on risk profile of the Bank’s balance sheet, Basel-II implementation, business continuity plan and
disaster recovery plan, key risk indicators and significant risk exposures.
Composition
The Risk Committee currently comprises six Directors including five non-executive Directors and the Managing
Director & CEO. It is chaired by K. V. Kamath. There were seven 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) 1
K. V. Kamath, Chairman (w.e.f. May 1, 2009) 7
Sridar Iyengar 6
Marti G. Subrahmanyam15
V. Prem Watsa 1
Anup K. Pujari (w.e.f. July 25, 2009) 2
Chanda D. Kochhar (w.e.f. May 1, 2009) 6
1. Also participated in one Meeting through tele-conference.
In anticipation of the change in the Board composition consequent to completion of tenure of eight years
of Marti Subrahmanyam on the Board of the Bank, the Board of Directors at its Meeting held on April 24, 2010
re-constituted the Committee effective April 24, 2010 and appointed V. Sridar as a member of the Committee in
place of Marti Subrahmanyam.
IX. Share Transfer & Shareholders’/Investors’ Grievance Committee
Terms of reference
The functions and powers of the Committee include approval and rejection of transfer or transmission of equity
shares, preference shares, bonds, debentures and securities, issue of duplicate certificates, allotment of shares
and securities issued from time to time, including those under stock options, review and redressal of shareholders’
and investors’ complaints, delegation of authority for opening and operation of bank accounts for payment of
interest, dividend and redemption of securities and the listing of securities on stock exchanges.
Composition
The Share Transfer & Shareholders’/Investors’ Grievance Committee is chaired by M. K. Sharma. The Committee
currently comprises three Directors including two independent Directors. There were four 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 4
Narendra Murkumbi 1
Chanda D. Kochhar (upto April 30, 2009) —
N. S. Kannan (w.e.f. May 1, 2009) 4