Senior management has decided to implement the Three Lines of Defense model for risk management. Which of the following best describes senior management's duties with regard to this model?
Senior management has decided to implement the Three Lines of Defense model for risk management. Which of the following best describes senior management's duties with regard to this model?
Senior management is primarily responsible for defining the strategic direction and setting objectives for the organization's risk management efforts. Setting goals for the implementation of the Three Lines of Defense model falls directly under their duties as it involves establishing the framework and guiding the overall approach toward risk management.
While senior management is responsible for ensuring compliance with the model and identifying emerging issues, these duties are typically shared across the three lines of defense. Setting goals for implementation is a specific duty that falls under the purview of senior management as they define the strategic direction and objectives for the organization's risk management efforts.
I think the correct answer should be D