Which question to senior management is most relevant for assessing an organization's risk culture?

Assessing an organization's risk culture involves understanding the attitudes, behaviors, and values that shape how risk is perceived and managed within that organization. The question regarding how willing employees are to speak up about problems that can lead to significant risk directly taps into the essence of risk culture. A strong risk culture encourages open communication, transparency, and a proactive approach to identifying and addressing risks before they escalate.

When employees feel empowered to voice concerns or highlight potential issues without fear of retribution, it fosters an environment where risks can be effectively managed and mitigated. This willingness to engage in dialogue about risk is crucial for creating a resilient organization that can navigate uncertainties.

In contrast, questions about market share, annual revenue growth, or attracting new customers focus more on external performance metrics rather than the internal attitudes and behaviors that define risk culture. While these aspects are important for overall business strategy and success, they do not provide insight into how risks are viewed and handled within the organization. Therefore, the question regarding employees' willingness to communicate about risks is the most relevant for assessing an organization's risk culture.