Risk management objectives and policies should be established by:
A) the chief executive officer.
B) the chief financial officer.
C) the board of directors.
D) a company's shareholders.

Question

Quizplus · Accepted Answer

Risk management objectives and policies should be established by the board of directors. The board has the ultimate responsibility for overseeing the risk profile of the company and ensuring that appropriate measures are in place to manage risk effectively. While the CEO and CFO may play a role in developing risk management policies, the board is ultimately responsible for their implementation and oversight. Shareholders, on the other hand, have the ability to hold the board accountable for risk management practices through their votes at annual meetings.

Risk Management Objectives and Policies Should Be Established By