Financial Risk Manager Part 1
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An ERM manager at a large financial institution is meeting with a risk consultant on the subject of improving the firm's risk culture framework. The risk consultant uses examples to describe the elements of a strong risk culture. Which of the following is appropriate for the consultant to mention as an example?
A
A compensation plan that is developed based on the business structure of a startup company in the industry
B
A weekly firm-wide meeting in which managers of each business unit report their work progress
C
A company culture that encourages resolutions of risk control violations to be made exclusively within business units
D
A flexible risk management style that more easily accommodates activities that are likely to result in a profit