ICICI Bank 2014 Annual Report Download - page 28
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(B) Quantitative disclosures
The following table sets forth, for the period indicated, the details of quantitative disclosure for
remunerationofWTDs(includingMD&CEO)andPresidents.
`inmillion,exceptnumbers
Particulars Year ended
March 31, 2014
Year ended
March 31, 2013
NumberofmeetingsheldbytheBGRNC 5 3
Remunerationpaidtoitsmembers(sittingfees) 0.3 0.2
Numberofemployeeshavingreceivedavariableremuneration
award 6 7
Numberandtotalamountofsign-onawardsmade Nil Nil
Detailsofguaranteedbonuspaidasjoining/signonbonus Nil Nil
Detailsofseverancepay,inadditiontoaccruedbenefits Nil Nil
Totalamountofoutstandingdeferredremuneration
Cash 72.5 54.7
Shares Nil Nil
Shares-linkedinstruments(nos.) 2,796,500 2,533,0001
Otherforms Nil Nil
Totalamountofdeferredremunerationpaidout 8.3 Nil
Break-downofamountofremunerationawards
Fixed2150.1 133.8
Variable365.3 74.6
Deferred426.1 29.9
Non-deferred 39.2 44.8
Total amount of outstanding deferred remuneration and retained
remunerationexposedtoex-postexplicitand/orimplicitadjustments
atMarch31
72.5 54.7
Totalamountofreductionsduetoex-postexplicitadjustments Nil Nil
Totalamountofreductionsduetoex-postimplicitadjustments Nil Nil
1. PursuanttograntofoptionsunderESOS.Oftheseoptions,75,000optionsgrantedtoaPresidentwhoretired
subsequently,vestedfullyonApril27,2013.
2. Fixedpayincludesbasicsalary,supplementaryallowances,superannuation,contributiontoprovidentfundand
gratuityfundbytheBank.
3. Variable pay for the year ended March 31, 2014 was awarded in the month of April 2014 and is subject to
approvalfromRBI.
4. InlinewiththeBank’scompensationpolicy,thestipulatedpercentageofperformancebonusisdeferred.
I V. Corporate Social Responsibility Committee
Terms of Reference
ThefunctionsoftheCommitteeincludereviewofcorporatesocialresponsibility(CSR)initiativesundertaken
bytheICICIGroupandtheICICIFoundationforInclusiveGrowth,formulationandrecommendationtothe
Directors’Report