ICICI Bank 2014 Annual Report Download - page 31
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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.FourMeetingsoftheCommitteewereheldduringfiscal2014.Thedetailsofthecompositionof
theCommitteeandattendanceatitsMeetingsissetoutinthefollowingtable:
Name of Member Number of meetings attended
HomiKhusrokhan,Chairman 4/4
SridarIyengar(upto April 29, 2013) N.A.
K.V. Kamath 4/4
V. Sridar(w.e.f April 30, 2013) 4/4
ChandaKochhar 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.TheCommitteeisalsoempoweredtoreviewtheEnterpriseRiskManagementframeworkofthe
Bank,riskappetite,stresstestingframework,InternalCapitalAdequacyAssessmentProcess(ICAAP)and
frameworkforcapitalallocation.TheCommitteeisempoweredtoreviewthestatusofBaselIIandBasel
IIIimplementation,riskreturnprofileoftheBank,outsourcingactivities,compliancewithRBIguidelines
pertainingtocredit,marketandoperationalriskmanagementsystemsandtheactivitiesofAssetLiability
ManagementCommittee.TheCommitteealsoreviewstheriskprofiletemplateandkeyriskindicators
pertaining to various risks. In addition, the Committee has oversight on risks of subsidiaries covered
undertheGroupRiskManagementFramework.
Composition
At March 31, 2014, the Risk Committee comprised six Directors including five independent Directors
andtheManagingDirector&CEOandwaschairedbyK.V. Kamath,anindependentDirector.Therewere
sixMeetingsoftheCommitteeduringtheyear.Thedetailsofthe compositionoftheCommitteeand
attendanceatitsMeetingsaresetoutinthefollowingtable:
Name of Member Number of meetings attended
K.V. Kamath,Chairman 6/6
DileepChoksi (w.e.f April 30, 2013) 5/5
SridarIyengar(upto April 29, 2013) 1/1
HomiKhusrokhan (w.e.f April 30, 2013) 4/5
ArvindKumar 1/6
V. Sridar 6/6
ChandaKochhar 6/6
X. Share Transfer & Shareholders’/Investors’ Grievance Committee (Nomenclature changed to
Stakeholders Relationship Committee effective April 25, 2014)
Terms of Reference
ThefunctionsandpowersoftheCommitteeincludeapprovalandrejectionoftransferortransmission
ofequityshares, preference shares, bonds, debentures and securities, issueofduplicatecertificates,
allotmentofsharesandsecuritiesissuedfromtimetotime,reviewredressalandresolutionofgrievances
ofshareholders,debentureholdersandothersecurityholders,delegationofauthorityforopeningand