In a management meeting, it was decided that the company needs to establish the risk

management function. However, there were different views about the main objective of

risk management.

Choose the correct view about the responsibility of risk management. $(2)$

a$.$ The chief executive officer held that the responsibility of risk management would be to

assess, control and finance critical risks facing the organisation and report the

outcomes to the board.

b$.$ The chief financial officer stated that the responsibility of risk management would be to

assess critical risks facing the organisation and communicate the assessment to

management and the board.

c$.$ The human resources director argued that the responsibility of risk management would

be to compile a report on all risk exposures of the organisation for reporting to the

board.

d$.$ The compliance officer emphasised that the responsibility of risk management would

be to provide assurance about the management of risks to stakeholders of the

organisation.