This document consist of draft Board resolution to approve the Risk Management Policy along with Preamble in editable word format making it handy to use and save time and efforts of a professional.
Chapter: XII
Section: 134(3)(n) and 177 and Schedule IV
Rule: The Companies (Meeting of Board and its Powers) Rules, 2014
Approximate Time Saving: 45 minutes
This document consist of draft Board resolution to approve the Risk Management Policy along with Preamble in editable word format making it handy to use and save time and efforts of a professional.
Section 134(3)(n)
A statement indicating development and implementation of a risk management policy for the company including identification therein of elements of risk, if any, which in the opinion of the Board may threaten the existence of the company;
Section 177
Every Audit Committee shall act in accordance with the terms of reference specified in writing by the Board which shall include evaluation of risk management systems.
Schedule IV and Section 149(8)
Section 149(8) to the Companies Act, 2013 also casts an obligation on Independent Directors to help in bringing an independent judgment to bear on the Board’s deliberations especially on issues of strategy, performance, risk management, resources, key appointments and standards of conduct and also to satisfy themselves on the integrity of financial information and that financial controls and the systems of risk management are robust and defensible
Dokmart is the one stop destination for your professional needs related to documents and formats.
Get ready to use professionally made quality documents including formats, drafts, procedures, policies, minutes, resolutions etc. and save your professional time and efforts.
At Dokmart, we work hard to help you work smarter !
Copyright © 2024, Dokmart. All Rights Reserved.