Which of the following should have the MOST influence on an organization's response to a new industry regulation?
Which of the following should have the MOST influence on an organization's response to a new industry regulation?
In responding to a new industry regulation, an organization's risk management framework should have the most influence. This framework encompasses the overall process to identify, assess, manage, and monitor risks, ensuring that the organization complies with new regulatory requirements. This holistic approach allows for a structured response that aligns with the organization’s broader risk management policies and objectives, ensuring compliance, operational continuity, and strategic alignment.
C. The organization's risk management framework