Enterprise-wide risk identification should involve a broad range of stakeholders to ensure diverse perspectives and expertise are incorporated. This includes senior leadership, who provide strategic direction; department heads and managers, who offer operational insights; and frontline employees, who can identify day-to-day risks. Moreover, involving external parties such as regulators, industry experts, and business partners can enhance the understanding of external risks. Engaging this wide array of participants helps build a robust enterprise-wide risk management (EWRM) framework responsive to internal and external pressures.