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Board Resolution - Approval of Risk Management Policy

Draft Board Resolution along with Preamble to approve the Risk Management Policy of the Company as recommended by Audit Committee.

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

Product Information

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.

Additional Information

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


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Adoption of risk management policy