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What risks are posed when an enterprise fail to have governance, regulatory, and compliance risk management plan in place and assigned to “C” level?

All of this would fall under operational risks and duly assigned as a responsibility to a “C” level personnel to provide feedback to the board.

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Question added by Adijat Yamah , Manager , Zenith Bank Plc
Date Posted: 2015/09/14
Nagadri U C
by Nagadri U C , Senior HR executive , Griffin Design

as the C level people are the ones who are at the decision making and are the face of the company they would not be able plan their strategies , it is always better for a company to have governance, regulatory, and compliance risk management  plan to be aligned in the way that it should compliment the C level employees mission and vision. C level employees must first have their goals set for the future then they should plan accordingly the governance, regulatory, and compliance risk management  plan. The company may succumb to losses , the attrition levels may increase , non cooperation from the employees , threat to the companies image in front of the public and stake holders are the huge risks they may face failing to the above said circumstances.

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