Answer-Dual hatting” in context of CRO means:

CRO cannot hold roles like Chief Executive Officer CEO, Chief Operating Officer COO, Chief Financial Officer CFO, or internal audit head. This ensures the independence of the CRO, meaning they cannot hold business-facing responsibilities.

Question

Dual hatting” in context of CRO

means:

A Holding multiple risk roles

B CRO acting as consultant and auditor

C CRO holding additional key executive roles like CEO/CFO/COO

D CRO handling multiple banks

E CRO reporting to multiple committees

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Dual hatting” in context of CRO

Solution