6.1 CEO

• The Chief Executive Officer or its equivalent

  ·        is usually referred to as the overall risk management executive (or sometimes the chief paranoia officer, if the layman’s definition is considered).
• ·        Thus, the CEO is responsible for ensuring that critical risks faced by the organization are being managed and mitigated to acceptable levels.
• In smaller organizations where the board and the executive team are composed of almost the same people, the oversight functions may not apply, as the executive team is where management begins.