During a meeting with a risk consultant to improve the risk culture framework for a leading financial institution, which example should the consultant give to effectively demonstrate the elements of a strong risk culture?

Exam-Like

A compensation plan that is developed based on the business structure of a startup company in the industry

10.8%

A weekly firm-wide meeting in which managers of each business unit report their workprogress

48.7%

A company culture that encourages resolutions of risk control violations to be made exclusively within business units

23.3%

A flexible risk management style that more easily accommodates activities that are likely to result in a profit

17.3%

Financial Risk Manager Part 1