ICICI Bank 2012 Annual Report Download - page 24

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22
Composition
The Credit Committee currently comprises four Directors including three independent Directors and the
Managing Director & CEO. The Committee is chaired by K. V. Kamath, currently an independent Director.
There were twenty-three 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
K. V. Kamath, Chairman 22/23
Homi Khusrokhan 18/23
M. S. Ramachandran 19/23
Chanda Kochhar 23/23
VI. 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 currently comprises four Directors including three independent
Directors and the Managing Director & CEO. It is chaired by K. V. Kamath, currently an independent
Director. 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
K. V. Kamath, Chairman 6/6
M. S. Ramachandran 5/6
V. Sridar 6/6
Chanda Kochhar 6/6
VII. Fraud Monitoring Committee
Terms of Reference
The Committee monitors and reviews all frauds involving an amount of ` 10.0 million and above so as
to identify the systemic lacunae, if any, that may have facilitated perpetration of the fraud and to put
in place measures to rectify the same, identify the reasons for delay in detection, if any, report 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 six Directors including four independent
Directors. The Committee is chaired by V. Sridar, an independent Director. There were nine 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:
Directors’ Report