We have insulated the bank's functioning from this incident....We are committed to improving the bank's functioning within the parameters of highest corporate governance," said Bakshi. FC queries posed to senior ICICI Bank officials did not elicit any response. Shareholders also questioned the absence of the government nominee on the ICICI Bank board from board meetings of the bank. The government nominee on the board Lok Ranjan was absent at the hour-long AGM chaired by newly-appointed chairman GC Chaturvedi. Neither was MD Mallya, a recently appointed board member, present. Many shareholders also spoke against the core issue of sanctioning loans to the Venugopal Dhoot-run Videocon Industries, which is facing bankruptcy proceedings now. The bank's shareholders also sought stern action from the bank on any misdoings on the part of Kochhar, while some also called for a restructuring of the top leadership given the allegations and questioned the board for initially backing Kochhar.