A. Establish clear accountability for risk.
Establishing clear accountability for risk means defining roles and responsibilities for managing and mitigating risks throughout the organization. This includes identifying individuals or teams responsible for assessing, mitigating, and monitoring specific risks. When there is a clear understanding of who is accountable for each risk, it becomes easier to make informed decisions about risk treatment strategies. Accountability ensures that the right people are empowered to take actions to address risks effectively.
The risk owner has the responsibility of making the decision to respond to the identified risk, and to ensure accountability, the owner must be an individual.
Is it not option A? How can policy and procedure enable risk treatment decision!
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