SEBI has necessitated the listed companies to have Stakeholders Relationship Committee as per SEBI (LODOR) Regulations, 2015. Briefly explain the composition and role of Stakeholders Relationship Committee.

In terms of the regulation 20 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Stakeholders Relationship Committee of a listed company shall comprise of at least three directors, including at least one independent director. In case of a listed entity having outstanding SR equity shares, at least two thirds of the Stakeholders Relationship Committee shall comprise of independent directors. The chairperson of Stakeholders Relationship Committee shall be a non-executive director. The role of the Stakeholders Relationship Committee has been specified in Part D of the Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The role of Stakeholders Relationship Committee shall inter-alia include the following: Resolving the grievances of the security holders of the listed entity including complaints related to transfer/transmission of shares, non-receipt of annual report, non-receipt of declared dividends, issue of new/duplicate certificates, general meetings etc. Review of measures taken for effective exercise of voting rights by shareholders. Review of adherence to the service standards adopted by the listed entity in respect of various services being rendered by the Registrar & Share Transfer Agent. Review of the various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants / annual reports / statutory notices by the shareholders of the company.