Which of the following measures can reinforce a risk-aware culture?

Encouraging open dialogue about risks among all employees is a foundational element in fostering a risk-aware culture. Such an environment promotes transparency and collaborative problem-solving, allowing individuals at all levels to understand and engage with risk management processes. When employees feel comfortable discussing risks and sharing concerns or suggestions, it empowers them to take ownership of their roles in risk management. This collective awareness and participation help in identifying potential risks early and facilitating proactive measures to address them.

A risk-aware culture is strengthened when everyone in the organization, not just management, is involved in conversations about risks. This inclusivity enhances the overall understanding of risk across the organization, leading to more informed decision-making and a shared responsibility for managing risks.