Based on the above facts answer the following questions : Elaborate that every listed company should have Risk Management Committee (RMC) as per Regulation 21 of SEBI (LODR) Regulations, 2015.

As per Regulation 21 of SEBI (LODR) Regulations, 2015, it is mandatory for certain listed companies to have a Risk Management Committee (RMC). Here's a breakdown of the key points: Regulation 21 and Applicability: Clause 1: The Board of Directors of a listed company shall constitute a Risk Management Committee. Clause 5: The applicability of this regulation is based on market capitalization: Top 1000 Listed Entities: (As per market capitalization at the end of the immediate preceding financial year) - This applicability has been revised from the top 100 and top 500 in previous amendments. 'High value debt listed entity' (HVDLE): HVDLEs is a listed entity which has listed its non-convertible debt securities and have an outstanding value of listed non-convertible debt securities of ₹ 500 crore and above. Role and Responsibilities of the Risk Management Committee: The specific responsibilities of the RMC are defined by the Board of Directors, but generally include: Identifying Risks: The committee is responsible for identifying and analyzing potential risks faced by the company, including financial risks, operational risks, compliance risks, and strategic risks. Risk Mitigation Strategies: The RMC develops and recommends strategies to mitigate identified risks. This may involve implementing controls, diversifying operations, or purchasing insurance. Monitoring and Review: The committee regularly monitors the effectiveness of risk management strategies and recommends adjustments as needed. Overseeing Risk Management Framework: The RMC oversees the implementation and effectiveness of the company's overall risk management framework. Composition of the Risk Management Committee: Majority: A majority of the committee members should be directors of the company. Independent Directors: In the case of companies with outstanding SR Equity shares, at least two-thirds of the committee members must be independent directors. Independent directors are those who have no material financial or other relationships with the company or its promoters. Senior Management: Senior executives from relevant departments within the company may also be included in the committee. Additional Points: The Board of Directors has the authority to define the powers and functions of the Risk Management Committee (RMC). The RMC can seek information from any employee within the company to fulfill its responsibilities. The committee can also obtain external legal or other professional advice if necessary. Conclusion: The presence of a Risk Management Committee mandated by SEBI (LODR) regulations ensures that listed companies have a structured approach to identifying, assessing, and mitigating risks. This promotes good corporate governance, protects investor interests, and fosters a more stable and sustainable business environment.