Question

In the context of constitution of the Risk Management Committee of the Board (RMC

  • B in a financial institution, the Chairperson of the Board intends to become a member of the RMCB. Which of the following conditions must necessarily be satisfied for such membership to be permissible?
A The Chairperson must also be the CEO of the entity
B The Chairperson must have prior approval of RBI
C The Chairperson must possess requisite expertise in risk management
D The Chairperson must not be part of any other Board committee
E The Chairperson can never be a member of RMCB
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