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?
Solution
The provision allows flexibility but with a critical safeguard—the Chair of the Board can be a member of RMCB only if they possess adequate risk management expertise. This ensures that participation is based on competence rather than position.
More Corporate Governance and CSR Questions
- In the Risk Management Committee (RMCB), what is the mandatory requirement for the majority of members?
- Which of the following persons is disqualified due to political position?
- In the context of constitution of the Risk Management Committee of the Board (RMCB) in a financial institution, the Chairperson of the Board intends to bec...
- The Chair of the Board in a Private Sector Bank must be:
- Which of the following is NOT one of the 7 broad reporting themes for the Board?
- A former elected CA director of a PSB cannot be allotted professional work for:
- Is an elected director eligible for re-election after completing a term?
- The Phillips Curve represents the relationship between _____ ( i ) and _____ (ii) in the short run. However, in the long run , the Phillips Curve become...
- A 'Fit and Proper' declaration must be obtained from every director every year as of:
- If a director's "Deed of Covenant" is breached, the Board must report it to:
