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of <h1>SEBI Regulation 62I: Listed Companies Must Form Risk Management Committees with Board Members, Meet Biannually, Ensure Oversight</h1> The Risk Management Committee under Regulation 62I of SEBI's 2015 regulations mandates that a listed entity's board of directors ensure the committee's functions are carried out by either the audit committee, the board, or a designated risk management committee. This committee must have at least three members, primarily board members, including one independent director, and meet biannually. The chairperson must be a board member, and the committee can include senior executives. The board defines the committee's role, which includes mandatory functions and potentially cyber security oversight. The committee can access employee information, seek external advice, and involve experts as needed.
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