Final answer:
The type of risk management that encompasses HRM initiatives to strengthen ethical awareness and company culture is compliance risk.
Step-by-step explanation:
The type of risk management that encompasses the HRM initiatives to strengthen ethical awareness and company culture is compliance risk.
Compliance risk refers to the risk of legal or regulatory sanctions, financial loss, or damage to a company's reputation due to its failure to comply with laws, regulations, and ethical standards.
In order to manage compliance risk, HRM (Human Resource Management) initiatives such as training programs, codes of conduct, and ethics policies are implemented to ensure that employees are aware of and adhere to ethical standards and legal requirements.