M O R 4 Practitioner Practice Questions - M O R 4 Practitioner Certification (Management Of Risk, 4th Edition) Exam

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A risk manager is advising the board on how risk management supports corporate governance. Which statement BEST reflects the M_o_R 4 position on this relationship?

Corporate governance creates the demand for risk management; effective risk management fulfils the governance obligation to safeguard organisational value Risk management is a standalone discipline that operates independently of corporate governance Corporate governance only requires financial risk management, not operational or strategic risk Risk management replaces the need for internal audit within a governance framework

Correct Answer:

Corporate governance creates the demand for risk management; effective risk management fulfils the governance obligation to safeguard organisational value

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