ICICI Bank 2015 Annual Report Download - page 42

40 Annual Report 2014-2015
Directors’ Report
Details about the policy developed and implemented by the company on corporate social responsibility
initiatives taken during the year
The CSR Policy has been hosted on the website of the Bank http://www.icicibank.com/managed-assets/docs/about-us/
ICICI-Bank-CSR-Policy.pdf.
The Annual Report on CSR activities is annexed herewith as Annexure E.
V. Credit Committee
Terms of Reference
The functions of the Committee include review of developments in key industrial sectors, major credit portfolios and
approval of credit proposals as per the authorisation approved by the Board.
Composition
At March 31, 2015, the Credit Committee comprised four Directors including three independent Directors and the Managing
Director & CEO and was chaired by K. V. Kamath, an independent Director. There were 20 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 20/20
Homi Khusrokhan 16/20
M. S. Ramachandran 19/20
Chanda Kochhar 19/20
VI. Customer Service Committee
Terms of Reference
The functions of this Committee include review of customer service initiatives, overseeing the functioning of the Customer
Service Council and evolving innovative measures for enhancing the quality of customer service and improvement in
the overall satisfaction level of customers.
Composition
At March 31, 2015, the Customer Service Committee comprised five Directors including three independent Directors,
the Government Nominee Director and the Managing Director & CEO and was chaired by M. S. Ramachandran, 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
M. S. Ramachandran, Chairman (Chairman w.e.f April 25, 2014 effective close of business hours) 6/6
K. V. Kamath (Chairman upto April 25, 2014 effective close of business hours) 6/6
V. Sridar 5/6
Alok Tandon (w.e.f. July 31, 2014) 1/5
Chanda Kochhar 6/6
VII. Fraud Monitoring Committee
Terms of Reference
The Committee monitors and reviews all the frauds involving an amount of ` 10.0 million and above with the objective
of identifying the systemic lacunae, if any, that facilitated perpetration of the fraud and put in place measures to
rectify the same. The functions of this Committee include identifying the reasons for delay in detection, if any, and
reporting to top management of the Bank and RBI on the same. The progress of investigation and recovery position
is also monitored by the Committee. The Committee also ensures that staff accountability is examined at all levels in
all the cases of frauds and action, if required, is completed quickly without loss of time. The role of the Committee is