Risk Management Committee
The Risk Management Committee comprises of 5 Directors. The Members of the committee are: Mr. S.K.Roongta (Chairman), Mr. Marcel Fasswald , Mr. Jayant Acharya, Ms. Fiona Paulus and Mr. Gajraj Singh Rathore.
The terms of reference of the Committee are as follows:
- To formulate a detailed risk management policy, to periodically review the risk management policy, at least once in two years, including by considering the changing industry dynamics and evolving complexity;
- To ensure that appropriate methodology, processes and systems are in place to monitor and evaluate risks associated with the business of the Company;
- To monitor and oversee implementation of the risk management policy, including evaluating the adequacy of risk management systems;
- To periodically review the risk Management Policy, at least once in two years, including any considering the changing industry dynamics and evolving complexity.
- To keep the board of directors informed about the nature and content of its discussions, recommendations and actions to be taken.
- To review the appointment, removal and terms of remuneration of the Chief Risk Officer.
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