ICICI Bank 2012 Annual Report Download - page 36

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IMPLEMENTATION OF CIRCULAR ISSUED BY MINISTRY OF CORPORATE AFFAIRS ON “GREEN
INITIATIVES IN CORPORATE GOVERNANCE”
The Bank has implemented the ‘Green Initiative’ as per Circular No. 17/2011 dated April 21, 2011 and
Circular No. 18/2011 dated April 29, 2011 issued by the Ministry of Corporate Affairs (MCA) to enable
electronic delivery of notices/documents and annual reports to shareholders and effected electronic
delivery of Notice of Annual General Meeting (AGM) and Annual Report for the year ended March 31,
2011 to those shareholders whose email addresses were registered with the respective Depository
Participants (DPs) and downloaded from the depositories viz. National Securities Depository Limited
(NSDL)/Central Depository Services (India) Limited (CDSL). Securities and Exchange Board of India
(SEBI) have also in line with the MCA circulars and as provided in Clause 32 of the Listing Agreement
executed with the stock exchanges, permitted listed entities to supply soft copies of full annual reports
to all those shareholders who have registered their email addresses for the purpose. Your Directors are
thankful to the shareholders for actively participating in the green initiative and seek your continued
support for implementation of the green initiative.
DIRECTORS’ RESPONSIBILITY STATEMENT
The Directors confirm:
1. that in the preparation of the annual accounts, the applicable accounting standards have been
followed, along with proper explanation relating to material departures;
2. that they have selected such accounting policies and applied them consistently and made
judgements and estimates that are reasonable and prudent, so as to give a true and fair view of the
state of affairs of the Bank at the end of the financial year and of the profit or loss of the Bank for
that period;
3. that they have taken proper and sufficient care for the maintenance of adequate accounting records,
in accordance with the provisions of the Banking Regulation Act, 1949 and the Companies Act,
1956 for safeguarding the assets of the Bank and for preventing and detecting fraud and other
irregularities; and
4. that they have prepared the annual accounts on a going concern basis.
ACKNOWLEDGEMENTS
ICICI Bank is grateful to the Government of India, RBI, SEBI, IRDA and overseas regulators for their
continued co-operation, support and guidance. ICICI Bank wishes to thank its investors, the domestic
and international banking community, rating agencies and stock exchanges for their support.
ICICI Bank would like to take this opportunity to express sincere thanks to its valued clients and
customers for their continued patronage. The Directors express their deep sense of appreciation
of all the employees, whose outstanding professionalism, commitment and initiative has made the
organisation’s growth and success possible and continues to drive its progress. Finally, the Directors
wish to express their gratitude to the Members for their trust and support.
For and on behalf of the Board
K. V. Kamath
May 14, 2012 Chairman
Compliance with the Group Code of Business Conduct and Ethics
I confirm that all Directors and members of the senior management have affirmed compliance with
Group Code of Business Conduct and Ethics for the year ended March 31, 2012.
Chanda Kochhar
Managing Director & CEO
May 14, 2012
Directors’ Report