ICICI Bank 2012 Annual Report Download - page 26

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24
Name of Member Number of meetings attended
K. V. Kamath, Chairman 6/6
Sridar Iyengar 5/6
Arvind Kumar (w.e.f. July 29, 2011) 0/4
Anup K. Pujari (upto July 22, 2011) 0/2
V. Sridar 6/6
V. Prem Watsa (upto June 27, 2011) 0/1
Chanda Kochhar 5/6
X. 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 currently comprises three Directors
including two independent Directors. It is chaired by Homi Khusrokhan, an independent Director. 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
Homi Khusrokhan, Chairman 4/4
V. Sridar 4/4
N. S. Kannan 4/4
Sandeep Batra, Senior General Manger is the Group Compliance Officer & Company Secretary. 64
shareholder complaints received in fiscal 2012 were processed. At March 31, 2012, no complaints
were pending.
XI. Committee of Executive Directors
Terms of reference
The powers of the Committee include approval/renewal of credit proposals, restructuring and settlement
as per the authorisation approved by the Board, approval of detailed credit norms related to individual
business groups, approvals to facilitate introduction of new products and product variants, programme
lending within each business segment and asset or liability category, including permissible deviations.
The Committee also approves and reviews from time to time limits on exposure to any group or individual
company as well as approves underwriting assistance to equity or equity linked issues and subscription
to equity shares or equity linked products or preference shares. The Committee also exercises powers
in relation to borrowing and treasury operations as approved by the Board, empowers officials of the
Bank or its Group Companies through execution of Power of Attorney, if required under the Common
Seal of the Bank and further exercises powers in relation to premises and property related matters.
Directors’ Report