ICICI Bank 2013 Annual Report Download - page 27

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Annual Report 2012-2013 25
2. Fixed pay includes basic salary, supplementary allowances, superannuation, contribution to provident fund and
gratuity fund by the Bank.
3. Variable pay for the year ended March 31, 2013 was awarded in the month of April 2013 and is subject to
approval from RBI.
4. In line with the Bank’s compensation policy, the stipulated percentage of performance bonus is deferred.
IV. Corporate Social Responsibility Committee
Terms of Reference
The functions of the Committee include review of corporate social responsibility initiatives undertaken
by the ICICI Group and the ICICI Foundation for Inclusive Growth, making recommendations to the Board
with respect to the corporate social responsibility initiatives, policies and practices of the ICICI Group and
to review and implement, if required, any other matter related to corporate social responsibility initiatives
as recommended/suggested by RBI or any other body.
Composition
The Corporate Social Responsibility Committee currently comprises four Directors including three
independent Directors and the Managing Director & CEO. The Committee is chaired by M. S. Ramachandran,
an independent Director. Two Meetings of the Committee were held during fiscal 2013. 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. S. Ramachandran, Chairman 2/2
Arvind Kumar 0/2
Tushaar Shah 2/2
Chanda Kochhar 2/2
V. Credit Committee
Terms of Reference
The functions of the Committee include review of developments in key industrial sectors, major credit
portfolios and approval of credit proposals as per the authorisation approved by the Board.
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, an independent Director. There were
eighteen 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, Chairman117/18
Homi Khusrokhan1 14/18
M. S. Ramachandran 18/18
Chanda Kochhar 17/18
1. Participated in one Meeting through tele-conference.
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.