Senior management could be approving the implementation but the risk culture (how the people decide on risk and see risk) may not support how it's implemented
A mature risk culture indicates that the organization values risk management, integrates it into its decision-making processes, and supports it at all levels. It ensures that risk management principles are consistently applied, embraced by employees, and supported by management, which is crucial for the successful implementation of a risk management framework.
An organization's capability to implement a risk management framework is PRIMARILY influenced by its culture, leadership, and commitment to risk management.
Your comment seems to almost back B more than D. Approval of mgmt vs leadership and commitment?
upvoted 2 times
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