Read the information given below and answer the questions that follow.

Bingewatch.co follows an integrated risk management approach where the board of directors and senior management make use of enterprise risk management (ERM). This leads to a risk interaction across different business units of the organization.

At which stage of risk management does Bingewatch.co stand?

1) Stage 1

2) Stage 2

3) Stage 3

4) Both Stage 2 and Stage 3