Which term is used to denote establishing a strategic risk management framework supported by top-level stakeholders?

Which term is used to denote establishing a strategic risk management framework supported by top-level stakeholders?

• A. Frame
• B. Risk Identification
• C. GDPR
• D. Data Steward

Answer: (A)

Setting up a risk management program with executive sponsorship is about framing the approach itself. The term frame conveys establishing the overarching structure, boundaries, governance, and priorities for how risk will be managed across the organization, and it relies on buy-in from top-level stakeholders to grant legitimacy, resources, and accountability. This framing creates a coherent direction for risk identification, assessment, response, and monitoring within the organization.

Risk Identification is the step that finds and catalogs risks, not the overarching structure that governs risk management. GDPR is a data privacy regulation, not a term for building a strategic framework. A Data Steward is a role responsible for managing data assets, not the act of establishing a strategic risk management framework.