Write short notes on the following: Risk Management Committee.

As per Regulation 21 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a listed entity is required to constitute a Risk Management Committee. This committee plays a vital role in overseeing the company's risk management framework. Key Provisions: Constitution: The board of directors shall constitute a Risk Management Committee. Composition: The majority of members of the Risk Management Committee shall consist of members of the board of directors. Chairperson: The Chairperson of the Risk Management Committee shall be a member of the board of directors. Senior executives of the listed entity may also be members of the committee. Role and Responsibility: 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. Applicability: The provisions of this regulation are applicable to the top 100 listed entities, determined on the basis of market capitalization, as at the end of the immediate previous financial year.