Which of the following are typically governance responsibilities of senior management?

I. Delegating its tolerance levels to risk managers.

II$.$ Monitoring day$-$to$-$day performance of specific risk management activities.

III. Establishing a governance committee of the board.

IV$.$ Ensuring that sufficient information is gathered to support reporting to the board.

a$.$ I and IV$.$

b$.$ II and III.

c$.$ I, II$,$ and IV$.$

d$.$ I, II$,$ III, and IV$.$