ICICI Bank 2016 Annual Report Download - page 44

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Directors’ Report
Annual Report 2015-2016
IV. Corporate Social Responsibility Committee
Terms of Reference
The functions of the Committee include review of corporate social responsibility (CSR) initiatives undertaken by the ICICI
Group and the ICICI Foundation for Inclusive Growth, formulation and recommendation to the Board of a CSR Policy
indicating the activities to be undertaken by the Company and recommendation of the amount of expenditure to be
incurred on such activities, reviewing and recommending the annual CSR plan to the Board, making recommendations
to the Board with respect to the CSR initiatives, policies and practices of the ICICI Group, monitoring the CSR activities,
implementation and compliance with the CSR Policy and reviewing and implementing, if required, any other matter
related to CSR initiatives as recommended/suggested by RBI or any other body.
Composition
At March 31, 2016, the Corporate Social Responsibility Committee comprised four Directors including two independent
Directors, the Government Nominee Director and the Managing Director & CEO and was chaired by M. S. Ramachandran,
an independent Director. There were three 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 3/3
Tushaar Shah1Please refer Note
Alok Tandon 1/3
Chanda Kochhar 3/3
1. Participated in all the Meetings through tele-conference.
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 Company 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, 2016, the Credit Committee comprised three Directors including two independent Directors and the Managing
Director & CEO and was chaired by the Managing Director & CEO. There were 23 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
Chanda Kochhar (Chairperson w.e.f. July 1, 2015) 23/23
K. V. Kamath (upto close of business hours on June 30, 2015) 2/5
Homi Khusrokhan 23/23
M. S. Ramachandran 21/23