Question

A newly appointed CRO reviews the enterprise's stated strategic goal of doubling revenue through rapid entry into three new markets within two years. The current risk governance model was designed for a slow-growth, single-market operation and has not been revisited. Which of the following should be the CRO's FIRST action to ensure risk governance supports the organization's strategy?

Accepted Answer

Evaluate whether the existing risk governance structure and appetite align with the strategic growth objectives

Answer

Increase the frequency of operational risk assessments across existing business units

Answer

Hire additional risk analysts to support the anticipated expansion workload

Answer

Purchase cyber and market-entry insurance to transfer risks from the new markets