What type of group is a Risk Executive considered to be?

A Risk Executive is considered to be part of a board-like group because this role is primarily focused on governance and decision-making related to risk management at an organizational level. This group typically involves higher-level executives who are responsible for setting the strategic direction and ensuring that risk is properly managed across all functions of the organization. The Risk Executive's responsibilities include facilitating discussions around risk tolerance, ensuring compliance with regulations, and aligning risk management practices with overall business objectives.

In contrast, a technical team is usually focused on implementing system-specific controls and technical solutions to mitigate risks, while operational staff executes the day-to-day processes that could be affected by these risks. An advisory committee, while providing counsel on specific issues, does not typically hold the same level of authority or governance responsibility that defines a board-like group. Therefore, the characterization of the Risk Executive as part of a board-like group accurately reflects the strategic nature of their role.