Which of the following are the responsibilities of Enterprise risk committee?
Each correct answer represents a complete solution. Choose three.
A.
React to risk events
B.
Analyze risk
C.
Risk aware decision
D.
Articulate risk
Explanation:
Risk aware decision, analyzing risk, and articulating risk are the responsibilities of Enterprise risk
committee. They are the executives who are accountable for the enterprise level collaboration and
consensus required to support enterprise risk management (ERM) activities and decisions. An IT
risk council may be established to consider IT risk in more detail andadvise the enterprise riskcommittee. ERC ensure that these activities are completed successfully.
Answer A is incorrect. ERM is not responsible for reaction over risk events. Business process
owners are accounted for this task.