Final answer:
ERM is implemented by management throughout the organization, not just by a single executive. While certain high-level executives play important roles, day-to-day execution of ERM requires the involvement of management at all levels in the company.
Step-by-step explanation:
The question, "Who is responsible for implementing ERM (Enterprise Risk Management)?", refers to the roles within an organization related to the management of risk. The correct answer is d. management throughout the organization. While specific positions like the chief financial officer, the chief audit executive, and the chief compliance officer play significant roles in the process, ERM is an organization-wide responsibility. Effective ERM involves management at all levels ensuring that risk management processes are implemented, maintained, and integrated into the company's overall corporate governance. The board of directors provides overall governance and oversight, while external parties such as auditing firms and large investors also play a role in corporate governance. However, it is the day-to-day management at all levels that is key to executing the ERM strategy.