5. ERM and Governance

Governance Roles — Quiz

Test your understanding of governance roles with 5 practice questions.

Practice Questions

Question 1

Which governance body is primarily responsible for influencing management's processes for monitoring risks and defining which risks the board should regularly discuss?

Question 2

In a university's risk governance structure, if the Board of Directors delegates specific risk oversight responsibilities, what is the primary reason for this delegation?

Question 3

A university's Risk Committee has just completed a review of the institution's cybersecurity protocols and identified several high-priority vulnerabilities. To whom would this committee typically report its findings and recommendations for action?

Question 4

Which of the following best describes the role of executive management in linking the Board's decided risk appetites with operational authority within a university?

Question 5

Consider a university's risk management framework. If a significant new risk emerges that falls outside the established risk appetite set by the Board, which governance role is primarily responsible for escalating this information and proposing adjustments to the risk strategy?