Risk governance

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

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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.

The recipient of its account need not be the person to whom its duty is owed. Responsibility does not itself grant authority.

Notes

Plain Risk, developed by Dr Julien Maréchal. © 2026 The Governance Practice.

Original materials: CC BY 4.0. Source. Scope and attribution.

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