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The risk approval authority typically resides with senior management or a designated risk management committee within an organization. This authority is responsible for assessing and approving risks that exceed predefined thresholds or tolerances. Depending on the organization's structure, roles such as the Chief Risk Officer (CRO) or a similar executive may also play a key role in this process. Ultimately, the specific individuals or groups with this authority can vary based on the organization's policies and governance framework.

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2w ago

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Approval authority for risk decisions making must be established and published by?

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Approval authority for risks decision making must be established and published by the?

Approval authority for risk decision making must be established and published by the Unit Commander in the US Army.


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Approval is needed for many risk decisions in the work place. This ensures that protocols are being followed and money is not lost.


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The approval authority for risk decision publishing and establishing usually rests with top management or a designated risk committee within an organization. This ensures that decisions related to risks are made at an appropriate level within the organization and align with its overall risk management strategy.


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