Which of the following role carriers are responsible for setting up the risk governance process, establishing and maintaining a common risk view, making risk-aware business decisions, and setting the enterprise’s risk culture? Each correct answer represents a complete solution. Choose two.

Which of the following role carriers are responsible for setting up the risk governance process, establishing and maintaining a common risk view, making risk-aware business decisions, and setting the enterprise’s risk culture? Each correct answer represents a complete solution. Choose two.
A . Senior management
B . Chief financial officer (CFO)
C . Human resources (HR)
D . Board of directors

View Answer

Answer: AD

Explanation:

The board of directors and senior management has the responsibility to set up the risk governance process, establish and maintain a common risk view, make risk-aware business decisions, and set the enterprise’s risk culture.

Incorrect Answers:

B: CFO is the most senior official 0f the enterprise who is accountable for financial planning, record

keeping, investor relations and financial risks. CFO is not responsible for responsible for setting up the risk governance process, establishing and maintaining a common risk view, making risk-aware business decisions, and setting the enterprise’s risk culture.

C: Human resource is the most senior official of an enterprise who is accountable for planning and policies with respect to all human resources in that enterprise. HR is not responsible for risk related activities.