1What are the implications of not having an aligned risk cul

1.What are the implications of not having an aligned risk culture across an organization or company?

2.Is the Three Lines of Defense Model effective? Pros & Cons?

3.How does Cognitive Bias affect decision making with implications to Ethics & Conduct?

Solution

It is important to have aligned risk culture for the efficiency of the organization. It adds vision to strategy and goals. Aligned risk culture is necessary for increasing the speed in decision making. It causes needless missed deadlines and causes havoc across the organization in the absence of aligned risk culture. It is important for utilizing the resources effectively. Otherwise it causes wasted resources. It is necessary for improving self governance and avoiding customer confusion. It is important for increasing leadership credibility and respect it is necessary for increasing resource visibility and optimizing talents and skills effectively. Without aligned risk culture in the organziairon it causes wastage of resources and the talent is not aligned properly. It is a waste of time and money. It does not fulfill the expectations of productivity.