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SIS Limited  |  Sustainability Report 2020-21


          Risk management



                                                                                       SIS has established a formal risk management process
          Mitigating                                                                   to identify potential risks that may affect the business,
                                                                                       the capabilities to predict and respond to risks as and
                                                                                       when they arise and manage the risk to be within its
                                                                                       risk appetite. As a part of the risk management, SIS
                                                                                       has compiled a risk library through participation of all
          risks to                                                                     business heads and finance heads. The key risks were

                                                                                       then identified and presented to the Risk Management
                                                                                       Committee along with the risk mitigation plan. Each risk
                                                                                       is properly documented along with its mitigation plan

          safeguard                                                                    and an owner assigned.




                                                                                       Risk management committee

                                                                                       The Risk Management Committee (the Committee) of the Board comprises of:
          our business                                                                 1.  Mr. Amrendra Prasad Verma, Independent Director

                                                                                       2.  Mr. Rituraj Kishore Sinha, Managing Director
                                                                                       3.  Mr. Arvind Prasad, Director Finance
                                                                                       The Committee oversees the risk management process and periodically reviews
                                                                                       the risk library and prioritization of risks, monitors the risk mitigation plan and the
                                                                                       methodology adopted for assessing risk and ensures an effective system of control
                                                                                       for risk management from time to time.












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