ICICI Bank 2016 Annual Report Download - page 47

45Annual Report 2015-2016
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 operation of bank accounts for payment of interest, dividend
and redemption of securities and the listing of securities on stock exchanges.
Composition
At March 31, 2016, the Stakeholders Relationship Committee comprised three Directors including two independent
Directors and was chaired by Homi Khusrokhan, an independent Director. There were four 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
Homi Khusrokhan, Chairman 4/4
V. Sridar 4/4
N. S. Kannan 3/4
P. Sanker, Senior General Manager (Legal) is the Company Secretary of the Bank and acts as the Compliance Ofcer
of the Bank in accordance with the requirements of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015. 76 shareholder complaints received in scal 2016 were processed. At
March 31, 2016, no complaints were pending.
XI. Review Committee for Identication of Wilful Defaulters/Non Co-operative Borrowers
Terms of Reference
The function of the Committee is to review the order of the Committee for identication of wilful defaulters/non co-
operative borrowers (a Committee comprising wholetime Directors and senior executives of the Bank to examine the
facts and record the fact of the borrower being a wilful defaulter/non co-operative borrower) and conrm the same for
the order to be considered nal.
Composition
The Managing Director & CEO is the Chairperson of this Committee and any two independent Directors will comprise the
remaining members. There was one Meeting of the Committee during the year and the details of the same is set out in
the following table:
Name of Member Number of meetings attended
Chanda Kochhar, Chairperson 1/1
Homi Khusrokhan 1/1
M. S. Ramachandran 1/1
XII. Other Committees
In addition to the above, the Board has from time to time constituted various committees, namely, Committee of Executive
Directors, Asset Liability Management Committee, Committee for Identication of Wilful Defaulters/Non Co-operative
Borrowers, Committee of Senior Management (comprising certain wholetime Directors and executives) and Committee
of Executives, Compliance Committee, Product & Process Approval Committee, Regional Committees for India and
overseas operations, Outsourcing Committee, Operational Risk Management Committee and other Committees (all
comprising executives). These committees are responsible for specic operational areas like asset liability management,
approval/renewal of credit proposals, approval of products and processes and management of operational risk, under
authorisation/supervision of the Board and its Committees.