ICICI Bank 2014 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2014 ICICI Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 196

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196

Annual Report 2013-2014 29
Composition
At March 31, 2014, the IT Strategy Committee comprised four Directors including three independent
Directors and the Managing Director & CEO and was chaired by Homi Khusrokhan, an independent
Director.FourMeetingsoftheCommitteewereheldduringfiscal2014.Thedetailsofthecompositionof
theCommitteeandattendanceatitsMeetingsissetoutinthefollowingtable:
Name of Member Number of meetings attended
HomiKhusrokhan,Chairman 4/4
SridarIyengar(upto April 29, 2013) N.A.
K.V. Kamath 4/4
V. Sridar(w.e.f April 30, 2013) 4/4
ChandaKochhar 4/4
IX. Risk Committee
Terms of Reference
The Committee is empowered to review ICICI Bank’s risk management policies pertaining to credit,
market, liquidity, operational, outsourcing, reputation risks, business continuity and disaster recovery
plan.TheCommitteeisalsoempoweredtoreviewtheEnterpriseRiskManagementframeworkofthe
Bank,riskappetite,stresstestingframework,InternalCapitalAdequacyAssessmentProcess(ICAAP)and
frameworkforcapitalallocation.TheCommitteeisempoweredtoreviewthestatusofBaselIIandBasel
IIIimplementation,riskreturnprofileoftheBank,outsourcingactivities,compliancewithRBIguidelines
pertainingtocredit,marketandoperationalriskmanagementsystemsandtheactivitiesofAssetLiability
ManagementCommittee.TheCommitteealsoreviewstheriskprofiletemplateandkeyriskindicators
pertaining to various risks. In addition, the Committee has oversight on risks of subsidiaries covered
undertheGroupRiskManagementFramework.
Composition
At March 31, 2014, the Risk Committee comprised six Directors including five independent Directors
andtheManagingDirector&CEOandwaschairedbyK.V. Kamath,anindependentDirector.Therewere
six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,Chairman 6/6
DileepChoksi (w.e.f April 30, 2013) 5/5
SridarIyengar(upto April 29, 2013) 1/1
HomiKhusrokhan (w.e.f April 30, 2013) 4/5
ArvindKumar 1/6
V. Sridar 6/6
ChandaKochhar 6/6
X. Share Transfer & Shareholders’/Investors’ Grievance Committee (Nomenclature changed to
Stakeholders Relationship Committee effective April 25, 2014)
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redressalandresolutionofgrievances
ofshareholders,debentureholdersandothersecurityholders,delegationofauthorityforopeningand