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    Question

    Why do boards oversee risk management practices in an

    organization?
    A To ignore potential risks Correct Answer Incorrect Answer
    B To promote unethical practices Correct Answer Incorrect Answer
    C To safeguard the interests of stakeholders by identifying, assessing, and mitigating risks Correct Answer Incorrect Answer
    D To discourage risk management activities Correct Answer Incorrect Answer

    Solution

    Explanation: Boards oversee risk management to safeguard the interests of stakeholders by identifying, assessing, and mitigating risks.

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