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.
Mr. Sushil Kumar Roongta
Independent Director
Mr. Marcel Fasswald
Independent Director
Mr. Jayant Acharya
Jt. Managing Director & CEO
Ms. Fiona Jane Mary Paulus
Independent Director
Mr. Gajraj Singh Rathore
Chief Operating Officer
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.