Document background
The Risk Assessment and Management Policy serves as a fundamental governance document required for organizations operating in India, particularly under the provisions of the Companies Act 2013 and SEBI regulations for listed entities. This policy becomes essential when organizations need to establish systematic approaches to risk identification, assessment, and management, ensuring compliance with regulatory requirements while protecting stakeholder interests. The document typically includes comprehensive guidelines on risk governance structure, assessment methodologies, mitigation strategies, and reporting frameworks, tailored to the organization's size, industry, and risk profile. It should be implemented when establishing new risk management systems or updating existing ones to reflect current regulatory requirements and best practices in the Indian business environment.
