ICICI Bank 2016 Annual Report Download - page 46

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Directors’ Report
Annual Report 2015-2016
VIII. Information Technology Strategy Committee
Terms of Reference
The functions of the Committee are to approve strategy for Information Technology (IT) and policy documents, ensure
that IT strategy is aligned with business strategy, review IT risks, ensure proper balance of IT investments for sustaining
the Bank’s growth, oversee the aggregate funding of IT at Bank-level, ascertain if the management has resources to
ensure the proper management of IT risks and review contribution of IT to business.
Composition
At March 31, 2016, the IT Strategy Committee comprised three Directors including two independent Directors and the
Managing Director & CEO and was chaired by Homi Khusrokhan, an independent Director. There were four Meetings of
the Committee held 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
Homi Khusrokhan, Chairman 4/4
K. V. Kamath (upto close of business hours on June 30, 2015) 1/1
V. Sridar 4/4
Chanda Kochhar 4/4
IX. Risk Committee
Terms of Reference
The functions of the Committee are to review ICICI Bank’s risk management policies pertaining to credit, market, liquidity,
operational, outsourcing, reputation risks and business continuity plan and disaster recovery plan. The functions of the
Committee also include review of the Enterprise Risk Management (ERM) framework, risk appetite framework (RAF),
stress testing framework, Internal Capital Adequacy Assessment Process (ICAAP) and framework for capital allocation;
review of the status of Basel II and Basel III implementation, risk return prole of the Bank, risk dashboard covering
various risks, outsourcing activities and the activities of the Asset Liability Management Committee. The Committee also
has oversight on risks of subsidiaries covered under the Group Risk Management Framework.
Composition
At March 31, 2016, the Risk Committee comprised seven Directors including ve independent Directors, the Government
Nominee Director and the Managing Director & CEO and was chaired by M. K. Sharma, an independent Director. There
were seven 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. K. Sharma (Chairman w.e.f. July 1, 2015) 4/4
Dileep Choksi 7/7
K. V. Kamath (upto close of business hours on June 30, 2015) 2/3
Homi Khusrokhan 6/7
V. K. Sharma 4/7
V. Sridar 7/7
Alok Tandon 0/7
Chanda Kochhar 7/7
X. Stakeholders Relationship Committee
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 certicates, allotment of shares and securities