The above table exhibits the directors attendance in board meetings of SBI and ICICI Bank Ltd in the year 2014-15. The following are the observations made
1. The frequency at which the board at which SBI met is higher than ICICI Bank Ltd.
2. The statistics of directors attendance in the ICICI Bank 's Board is marginally better than SBI.
3. Although the provisions of revised clause 49 of the listing agreement and section 285 of the companies act regarding minimum number of board meetings to be held in a year have been complied with by both the banks, the permissible gap between two board meeting is three months, but in one case ICICI Bank has marginally exceeded this permissible limit. TABLE NO.4
Table exhibiting the criteria for assessment …show more content…
SBI 's Score ICICI Banks score Indian Banking Average Score
78 80 79
Table - 6 presents the resorts that the governance standards and practices in both the banks are very good. SBI got 82 points and ICICI Bank obtained 84 points. It also brought to the fore the country 's banking industry represented by there two major listed banks has an overall score of 83 points this showing good performance in maintaining the standards and accomplishing the quality of governance standards.
RESEARCH FINDINGS
1. The vision and mission of SBI mentions that it is committed to the best practices in the domain of corporate governance and through which it can maintain a high level of business ethics and to earn the good will of all stake holders. The Bank 's commitment to corporate governance is obvious through its governance objectives such as transparency, integrity and accountability.
2. ICICI Bank Ltd has incorporated a conventions of best practices in corporate governance. The corporate governance structure is based on an efficient independent board, whistle blower polity and tab in is den trading.
3. Both SBI and ICICI Bank adhered to the principles of corporate governance by having different persons for positions of CEO and
1. The frequency at which the board at which SBI met is higher than ICICI Bank Ltd.
2. The statistics of directors attendance in the ICICI Bank 's Board is marginally better than SBI.
3. Although the provisions of revised clause 49 of the listing agreement and section 285 of the companies act regarding minimum number of board meetings to be held in a year have been complied with by both the banks, the permissible gap between two board meeting is three months, but in one case ICICI Bank has marginally exceeded this permissible limit. TABLE NO.4
Table exhibiting the criteria for assessment …show more content…
SBI 's Score ICICI Banks score Indian Banking Average Score
78 80 79
Table - 6 presents the resorts that the governance standards and practices in both the banks are very good. SBI got 82 points and ICICI Bank obtained 84 points. It also brought to the fore the country 's banking industry represented by there two major listed banks has an overall score of 83 points this showing good performance in maintaining the standards and accomplishing the quality of governance standards.
RESEARCH FINDINGS
1. The vision and mission of SBI mentions that it is committed to the best practices in the domain of corporate governance and through which it can maintain a high level of business ethics and to earn the good will of all stake holders. The Bank 's commitment to corporate governance is obvious through its governance objectives such as transparency, integrity and accountability.
2. ICICI Bank Ltd has incorporated a conventions of best practices in corporate governance. The corporate governance structure is based on an efficient independent board, whistle blower polity and tab in is den trading.
3. Both SBI and ICICI Bank adhered to the principles of corporate governance by having different persons for positions of CEO and