Write short notes on the following: Composition of Risk Management Committee

Composition of Risk Management Committee [Regulation 21 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Risk Management Committee shall have minimum three members with majority of them being members of the board of directors, including at least one independent director. In case of a listed entity having outstanding SR equity shares at least two thirds of the Risk Management Committee shall comprise independent directors. The Chairperson of the Risk management committee shall be a member of the board of directors and senior executives of the listed entity may be members of the committee.