A CEO requires that information security risk management is practiced at the organizational level through a central risk register.
Which of the following is the MOST important reason to report a summary of this risk register to the board?
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A. B. C. D.A.
The MOST important reason to report a summary of the risk register to the board is to facilitate alignment between risk management and organizational objectives (Option A). This is because the board has the overall responsibility for the organization's strategic direction and decision-making, including the identification and management of risks. By providing the board with a summary of the risk register, the CEO can ensure that the board is aware of the risks that could affect the achievement of organizational objectives, and that these risks are being managed appropriately.
Option B, to ensure adequate funding is available for risk management and mitigation, is important, but not as important as ensuring alignment between risk management and organizational objectives. Adequate funding is necessary to effectively manage risks, but without proper alignment with organizational objectives, the risk management program may not be focused on the most critical risks that could impact the organization's success.
Option C, to comply with the organization's regulatory and legal requirements, is also important, but not as important as facilitating alignment between risk management and organizational objectives. Compliance is necessary to avoid legal and regulatory penalties, but the primary purpose of risk management is to protect the organization's assets and achieve its objectives.
Option D, to ensure alignment with industry standards and trends, is important, but not as important as ensuring alignment between risk management and organizational objectives. While industry standards and trends provide valuable guidance, the organization's own objectives should be the primary focus of the risk management program.