Explanation: To ensure greater buy-in and ownership, risk indicators should be selected with the involvement of relevant stakeholders. Risk indicators should be identified for all stakeholders and should not focus solely on the more operational or strategic side of risk.
Incorrect Answers:
A: Role of lag indicators is to ensure that risk after events have occurred is being indicated.
B: Lead indicators indicate which capabilities are in place to prevent events from occurring. They do not play any role in ensuring greater buy-in and ownership.
C: Root cause is considered while selecting risk indicator but it does not ensure greater buy-in or ownership.