Request for inputs: SEBI Consultation Paper on the applicability and role of risk management
Blog: NASSCOM Official Blog
SEBI has recently released a discussion paper to solicit public comments on proposed amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the applicability and role of the risk management committee. The report is attached for your reference.
Considering the multitude of risks faced by listed entities, risk management has emerged as a very important function of the board. The Covid-19 pandemic has also reinforced the need for a robust risk management framework. In light of the increasing importance of risk management function, a need is thus felt to:
- Extend the requirement of formation of a Risk Management Committee to a larger number of listed entities
- Define the role and responsibilities of the Risk Management Committee in the LODR Regulations and
- Increase the frequency and define a quorum for the meetings of the Risk Management Committee.
In this regard, request you to send your inputs/ views on the proposed amendments before November 27, 2020 to email@example.com in the following format:
|S.No.||Pertains to Regulation/ sub-regulation/ schedule/ clause/sub-clause||Proposed / suggested