Final Answer:
Collaboration is more challenging, but 'functional independence is assured'.
Step-by-step explanation:
The separation of legal, compliance, internal audit, and security functions ensures that each operates independently, focusing on their specific roles without interference. This autonomy allows for specialized expertise within each function, promoting a comprehensive approach to risk management and organizational governance. While collaboration among these functions may become more challenging due to their distinct roles, the assurance of functional independence is paramount. Legal teams concentrate on ensuring legal compliance, internal audit assesses internal controls and processes, and security functions safeguard against external threats.
This separation mitigates conflicts of interest and enhances the reliability of each function's output. Collaborative efforts may require effective communication channels and coordination mechanisms to address cross-functional concerns. Despite potential challenges, the benefits of functional independence, such as unbiased evaluations and a robust risk management framework, contribute to overall organizational resilience and effectiveness in navigating complex regulatory landscapes.
Correct Answer: "Functional independence is assured".