CGEIT · Question #364
The MAIN responsibility of the board of directors regarding the management of enterprise risk is to:
The correct answer is A. ensure a risk process exists which addresses the risk appetite. The main responsibility of the board of directors regarding enterprise risk management is to ensure a robust risk process exists that addresses the organization's risk appetite.
Question
The MAIN responsibility of the board of directors regarding the management of enterprise risk is to:
Options
- Aensure a risk process exists which addresses the risk appetite.
- Bsustain investment in staff training regarding IT risk.
- Cpromote a benefits-driven culture throughout the enterprise.
- Dmaintain awareness of IT risk to the business.
How the community answered
(25 responses)- A88% (22)
- C8% (2)
- D4% (1)
Why each option
The main responsibility of the board of directors regarding enterprise risk management is to ensure a robust risk process exists that addresses the organization's risk appetite.
The board of directors is ultimately responsible for the overall governance of the enterprise, which includes ensuring that an effective risk management framework and processes are established. This oversight involves confirming that the organization's risk appetite is defined and that the risk management process operates to identify, assess, respond to, and monitor risks in alignment with that appetite, protecting stakeholder value.
Sustaining investment in staff training regarding IT risk is an operational responsibility, typically delegated to management, not the primary oversight role of the board.
Promoting a benefits-driven culture is a broad strategic objective, but not the specific main responsibility related to the management of enterprise risk.
While maintaining awareness is part of their role, the board's main responsibility is to ensure the process exists and is effective in addressing risk appetite, not just to be aware of risks.
Concept tested: Board of directors' risk oversight
Source: https://learn.microsoft.com/en-us/compliance/regulatory/audits-risk-assessment-board-management-oversight
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