What are the Provisions under SEBI (LODR) Regulations, regarding constitution of Risk Management Committee?

SEBI (LODR) Regulations: Regulation 21 of the SEBI (LODR) Regulations, 2015 deals with the Risk Management Committee and provides as under: The board of directors shall constitute a Risk Management Committee. The Risk Management Committee shall have a minimum of three members. The majority of members of Risk Management Committee shall consist of members of the board of directors including atleast one independent Director and 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. The risk management committee shall meet at least twice in a year. Between two consecutive meeetings not more than 210 days shall elapse. The quorum for a Risk Management Committee shall be two or one third of the members whichever is higher including atleast one member from the Board of Directors. The board of directors shall define the role and responsibility of the Risk Management Committee and may delegate monitoring and reviewing of the risk management plan to the committee and such other functions as it may deem fit such function shall specifically cover cyber security. The provisions of this regulation shall be applicable to top 1000 listed entities, determined on the basis of market capitalization, as at the end of the immediate previous financial year as also to a high value debt listed entity.