Which of the following is the MOST important foundational element of an effective three lines of defense model for an organization?
A. A well-established risk management committee
B. A robust risk aggregation tool set
C. Well-documented and communicated escalation procedures
D. Clearly defined roles and responsibilities
A. A well-established risk management committee
B. A robust risk aggregation tool set
C. Well-documented and communicated escalation procedures
D. Clearly defined roles and responsibilities