Citation Matching

Citation Reference: Keeping Communication Open and Free from Retribution ¶ 1

Citation Guidance: It is management's responsibility to cultivate open communication and transparency about risk and the risk-taking expectations. Management demonstrates that risk is not a discussion to be left for the boardroom. It does that by sending clear and consistent messages to employees that managing risk is a part of everyone's daily responsibilities, and that it is not only valued but also critical to the entity's success and survival. Open communication and risk transparency enables management and personnel to work together continually to share risk information throughout the entity.