Write the short notes on the following: Risk Management Committee in case of listed entity.

Risk Management Committee in case of listed entity (Regulation 21 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015): The board of directors shall constitute a Risk Management Committee. The majority of members of Risk Management Committee shall consist of members of the board of 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 once in a year. 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. The provisions of this regulation shall be applicable to top 500 listed entities, determined on the basis of market capitalisation, as at the end of the immediate previous financial year.