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<h1>SEBI Requires Risk Management Committees for Top 1000 Listed Entities, Focus on Cybersecurity and Governance.</h1> The Securities and Exchange Board of India (SEBI) mandates that the board of directors of a listed entity establish a Risk Management Committee. This committee must have at least three members, primarily from the board, including at least one independent director. For entities with outstanding SR equity shares, two-thirds of the committee should be independent directors. The committee must meet at least twice a year, with a quorum of two members or one-third of the committee, including a board member. The board defines the committee's roles, which must include cyber security and functions specified in Part D of Schedule II. The regulation applies to the top 1000 listed entities and high-value debt-listed entities. The committee can seek information from employees and external experts as needed.