Two overlapping risk committees dispute ownership and no charter states an ERM mandate. What governance fix is most needed?
Select an answer to reveal the explanation.
Short Explanation
Two captains yelling different orders sinks the boat. ERM needs a clear mandate and structure so everyone knows who owns the enterprise view and how issues escalate.
Full Explanation
Effective ERM depends on defined governance: mandate, roles, and escalation. Overlapping committees without a clarifying charter create conflict, gaps, and delayed decisions. Leadership should establish clear structure so enterprise risk oversight is coordinated rather than contested.