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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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