Institutional EYE

Commentary on Corporate Governance Issues

January 30, 2019

Earlier today ICICI Bank issued a statement on findings in the enquiry report of Justice (Retd.) B.N. Srikrishna (Srikrishna Report).

The conclusions of the report were definitive – Ms. Chanda Kocchar had violated ICICI Bank’s conflict of interest policy and failed in h...

October 26, 2018

Chanda Kochhar has resigned from ICICI Bank, yet the events that led to her resignation, continue to cast a shadow over its Board.

In a contrafactual analysis regarding the developments in the bank over the last few months, we ask if had the board had acted differently,...

June 29, 2018

For a bank that is systemically important, and has handled a run on itself, its board seems wholly unprepared and overwhelmed by events. ICICI Bank needs to tighten ship. It has reinvented itself in the past and can pull itself up again. 

ICICI Bank Chairman Designate G...

June 20, 2018

Over the past few months, ICICI Bank’s board has repeatedly let go opportunities to showcase its decisiveness. But, all is not lost yet: the board can still bounce back from its defensive stance through constructive action and meaningful dialogue with stakeholders.

Cont...

April 4, 2018

It is no longer business as usual for corporate boards - board members are now increasingly in the line of fire. Recent instances at Infosys, the Tata group and now ICICI Bank and Axis Bank, have created a new imperative for boards – to protect their companies’ reputat...

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