RSK4803 Assignment 3 (COMPLETE ANSWERS) 2024 - DUE 7 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us.. Question 1 22 marks
1.1 In a management meeting, it was decided that the company needs to esta...
In a management meeting, it was decided that the company needs to establish the risk
management function. However, there were different views about the main objective of risk
management.
Choose the correct view about the responsibility of risk management:
a. The chief executive officer held that the responsibility of risk management would be
to assess, control and finance critical risks facing the organisation and report the
outcomes to the board.
b. The chief financial officer stated that the responsibility of risk management would be to
assess critical risks facing the organisation and communicate the assessment to
management and the board.
c. The human resources director argued that the responsibility of risk managementTerms
would be
of use
By making
to compile a report on all risk exposures of the organisation for use of this document
reporting you agree to:
to the board.
• Use this document as a guide for learning, comparison and reference purpose,
d. The compliance
• Not toofficer emphasised
duplicate, that misrepresent
reproduce and/or the responsibility of risk
the contents management
of this would
document as your ownbe to
work,
provide assurance about• theFully accept the consequences
management of risks to should you plagiarise
stakeholders or misuse
of the this document.
organisation.
Answer: Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
The correct view about the responsibility of risk management is:
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
a. The chief executive officer held that the responsibility of risk management form orwould be to
by any means.
assess, control, and finance critical risks facing the organisation and report the outcomes
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