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Stakeholder Relationship Committee as per Listing Agreement

As a professional, it is important to understand the significance of stakeholder relationship committee as per listing agreement. A stakeholder relationship committee is a committee formed by a company to manage the relationship between the company and its stakeholders. Stakeholders refer to individuals or groups with an interest or stake in the company, including shareholders, investors, employees, customers, suppliers, regulators, and the community.

The importance of stakeholder relationship committee has been recognized by the Securities and Exchange Board of India (SEBI) in its listing agreement for listed companies. The listing agreement is a set of rules and regulations that listed companies must adhere to in order to maintain their listing status on the stock exchange. The SEBI has mandated that all listed companies must constitute a stakeholder relationship committee as a part of their board of directors.

The purpose of stakeholder relationship committee is to ensure effective communication and engagement between the company and its stakeholders. The committee is responsible for addressing the concerns and grievances of stakeholders, assessing their feedback and suggestions, and providing necessary support to maintain a healthy relationship with them. The committee also plays a critical role in promoting transparency, accountability, and ethical practices within the company.

The stakeholder relationship committee is responsible for a wide range of functions, including:

1. Reviewing the company`s policies and procedures related to stakeholder engagement and communication.

2. Ensuring that the company meets its obligations under relevant laws and regulations related to stakeholder engagement and communication.

3. Reviewing the company`s performance on key stakeholder metrics, such as employee satisfaction, customer satisfaction, and community impact.

4. Reviewing the company`s sustainability initiatives and reporting on its environmental, social, and governance (ESG) performance.

5. Reviewing the company`s corporate social responsibility (CSR) initiatives and reporting on its contributions to the community.

6. Reviewing the company`s risk management practices and identifying potential risks and opportunities related to stakeholder engagement.

7. Monitoring the company`s communication channels, including social media, to ensure that they are being used effectively to engage with stakeholders.

In conclusion, the stakeholder relationship committee is a critical component of a listed company`s board of directors. It plays a critical role in maintaining a healthy relationship between the company and its stakeholders. By ensuring effective communication and engagement, the committee helps the company to build trust and credibility, and promote long-term growth and sustainability. As a professional, it is important to highlight the significance of stakeholder relationship committee to ensure that the article reaches its intended audience.

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