Organizations are increasingly creating chief risk officer $($CRO$)$ positions. Which one of the following statements is correct with respect to CROs?

Select one:

A$.$ The CRO$$s rank and importance to the board of directors are equal to those of the organization$$s other executive officers.

B$.$ A $2012$ survey indicated that, in companies with annual revenue greater than $$20$ billion, fewer than $20\%$ had created a CRO position.

C$.$ Typically, a CRO analyzes, measures, and monitors risk; compiles reports; and facilitates risk workshops without the need for staff.

D$.$ CROs$$ roles are relatively standardized from industry to industry; they focus primarily on measuring and controlling risk.