ICICI Bank 2013 Annual Report Download - page 15

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The Members at the Annual General Meeting (AGM) held on June
29, 2009 approved the appointment of N. S. Kannan as Executive
Director (designated as Executive Director & CFO) for a period of five
years effective May 1, 2009 upto April 30, 2014 and K. Ramkumar as
Executive Director for a period of five years effective February 1, 2009
upto January 31, 2014.
The requisite approvals have been received from RBI for all the aforesaid
appointments.
The Board at its Meeting held on April 26, 2013 (based on the
recommendations of the Board Governance, Remuneration &
Nomination Committee) approved the re-appointment of the following
Directors of the Bank subject to the approval of Members and RBI for a
further period of five years as given below:
I. K. V. Kamath as non-executive Chairman of the Bank for a period of
five years effective May 1, 2014 upto April 30, 2019,
II. Chanda Kochhar as Managing Director & CEO of the Bank for a
period of five years effective April 1, 2014 upto March 31, 2019,
III. N. S. Kannan as Executive Director (designated as Executive Director
& CFO) of the Bank for a period of five years effective May 1, 2014
upto April 30, 2019 and
IV. K. Ramkumar as Executive Director of the Bank for a period of five
years effective February 1, 2014 upto January 31, 2019.
The resolution for the re-appointments are proposed to the Members in
the Notice of the current AGM vide item nos. 10-13 and the explanatory
statements for these items include the duration and terms of re-
appointment as well as remuneration. You are requested to consider
the re-appointment of the above Directors.
The Members approved the appointment of Rajiv Sabharwal as
Executive Director for a period of five years effective June 24, 2010 upto
June 23, 2015 at the AGM held on June 28, 2010. RBI has approved the
appointment of Rajiv Sabharwal as an Executive Director for a period of
three years effective June 24, 2010 upto June 23, 2013. An application
has been made to RBI seeking approval for re-appointment of Rajiv
Sabharwal as an Executive Director for a further period of two years
effective June 24, 2013 upto June 23, 2015.
AUDITORS
The Members are informed that while the registration number of the
statutory auditors continues to remain the same, the name of the
“We will continue to
innovate and leverage
technology to meet
the changing needs
of our customers. Our
products and services
will address customers
across age groups, as
we strive to remain their
preferred bank for life.
Our various channels of
branch banking, mobile
banking, internet, ATMs
and social media will
continue to offer the
best in class experience.
We will further increase
our commitment to rural
India by increasing our
branch footprint and
business correspondent
network.”
Directors’ Report
RAJIV SABHARWAL
Executive Director
Annual Report 2012-2013 13