Risk governance

Choose the responsibility, then specify the role or body, its authority, accountability and duty.

Responsibility Role or body

Example: The hotel’s board approves its risk appetite statement. The chair is accountable to the board for ensuring the approval process is completed. These are fictional arrangements.

Responsibility Accountability Authority

DutyOwed to

See an example

Read the four concepts together for the named role or body. The recipient of its account need not be the person to whom its duty is owed. Responsibility does not itself grant authority.

Add limits, conditions or sources

Notes for this responsibility

Risk Governance Statement

This records the arrangements you describe, not proof that authority is valid or an approval has occurred. Entries stay in this page only; print the diagram and account before leaving or reloading.

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