ICICI Bank 2013 Annual Report Download - page 30

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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, 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 3/4
Sandeep Batra, Senior General Manger is the Group Compliance Officer & Company Secretary. 127 shareholder
complaints received in fiscal 2013 were processed. At March 31, 2013, 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 authorisation approved by the Board, approvals of detailed credit norms related to individual
business groups, approvals to facilitate introduction of new products and product variants, program
lending within each business segment and asset or liability category, including permissible deviations
and delegation of the above function(s) to any committee or individual. 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 borrowings and
treasury operations as approved by the Board, empowers officials of the Bank and 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.
Composition
The Committee of Executive Directors currently comprises all four wholetime Directors and is chaired by
Chanda Kochhar, Managing Director & CEO. The other Members are N. S. Kannan, K. Ramkumar and Rajiv
Sabharwal.
XII. Other Committees
In addition to the above, the Board has from time to time constituted various committees, namely,
Asset Liability Management Committee, Committee for Identification of Wilful Defaulters, Grievance
Redressal Committee for borrowers identified as Wilful Defaulters, Committee of Senior Management
(comprising certain wholetime Directors and executives) and Committee of Executives, Compliance
Committee, Product & Process Approval Committee, Regional Committees for India and overseas
operations, Outsourcing Committee, Operational Risk Management Committee and other Committees
Directors’ Report