Question: In chapter 1 0 , what was the downside and eventual reason for risk champions to be phased out of the ERM? q , A

In chapter 10, what was the downside and eventual reason for risk champions to be phased out of the ERM? q, A) The cost was too prohibitive associated with having multiple risk champions assigned to each business segment
B) The removal of the CEO during 2010 which left the risk champions alone and not able to report to a designated position
C) They are the usual highly qualified and very busy individuals within the organization with limited time and resources able to be devoted to the position
D) The perception that the risk champions are the "owner" of the risks within the department and thus are responsible for any problems or questions with the risk
E) Answer C and D
 In chapter 10, what was the downside and eventual reason for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!