ICICI Bank 2014 Annual Report Download - page 20

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policy provides for a mechanism to report such concerns to the Audit Committee through specified
channels.ThepolicyhasbeenperiodicallycommunicatedtotheemployeesandalsopostedontheBank’s
intranet. The Whistle Blower Policy complies with the requirements of Vigil mechanism as stipulated
underSection177oftheCompaniesAct,2013.ThedetailsofestablishmentoftheWhistleBlowerPolicy/
VigilmechanismhavebeendisclosedonthewebsiteoftheBank.
ICICI Bank Code of Conduct for Prevention of Insider Trading
InaccordancewiththerequirementsoftheSecuritiesandExchangeBoardofIndia(SEBI)(Prohibition
of Insider Trading) Regulations,1992, ICICI Bank has instituted a comprehensive code of conduct for
preventionofinsidertrading.
Group Code of Business Conduct and Ethics
TheGroupCodeofBusinessConductandEthicsforDirectorsandemployeesoftheICICIGroupaimsat
ensuringconsistentstandardsofconductandethicalbusinesspracticesacrosstheconstituentsofthe
ICICIGroup.ThisCodeisreviewedonanannualbasisandthelatestCodeisavailableonthewebsiteof
theBank(www.icicibank.com).PursuanttoClause49oftheListingAgreement,aconfirmationfromthe
ManagingDirector&CEOregardingcompliancewiththeCodebyalltheDirectorsandseniormanagement
formspartoftheAnnualReport.
CEO/CFO Certification
IntermsofClause49oftheListingAgreement,thecertificationbytheManagingDirector&CEOand
ChiefFinancialOfficeronthefinancialstatementsandinternalcontrolsrelatingtofinancialreportinghas
beenobtained.
Covering letter of annual audit report to be filed with stock exchanges
IntermsofClause31(a)oftheListingAgreement,thecoveringletteroftheannualauditreporttobefiled
withthestockexchanges(FormA)dulysignedbytheManagingDirector&CEO,ChiefFinancialOfficer,
AuditorsofthecompanyandChairmanoftheAuditCommitteewouldbefiledwiththestockexchanges
alongwiththecopiesoftheAnnualReports.
Board of Directors
ICICIBankhasabroad-basedBoardofDirectors,constitutedincompliancewiththeBankingRegulation
Act, 1949, the Companies Act, 2013 (CA2013/Act) and listing agreements entered into with stock
exchanges,and in accordance withgood corporate governance practices. The Board functionseither
as a full Board or through various committees constituted to oversee specific operational areas. The
Board has constituted ten committees, viz., Audit Committee, Board Governance, Remuneration &
Nomination Committee, Corporate Social Responsibility Committee, Credit Committee, Customer
Service Committee, Fraud Monitoring Committee, Information Technology Strategy Committee, Risk
Committee,ShareTransfer&Shareholders’/Investors’GrievanceCommittee(renamedasStakeholders
RelationshipCommitteewitheffectfromApril25,2014)andCommitteeofExecutiveDirectors.AtMarch
31,2014,theseBoardCommitteesotherthantheCommitteeofExecutiveDirectorscomprisedmajority
ofindependentDirectorsandwerechairedbyindependentDirectors.
AtMarch31,2014,theBoardofDirectorsconsistedof12members.ThereweresixMeetingsofthe
Boardduringfiscal2014-onApril26,July31,September11andOctober25in2013andJanuary29
andMarch6-7in2014.ThenamesoftheDirectors,theirattendanceatBoardMeetingsduringtheyear,
Directors’Report