Responsible Party

From Open Risk Manual


Responsible Party. A person acting in a role that has some formal responsibility, such as a fiduciary responsibility, a signatory, an examiner or registrar, etc.

Issues and Challenges

The responsibility may be defined in terms of specific instruments such as laws, bylaws or contracts, or by some other means. These instruments would mandate certain obligations on the part of the party, for example statutory obligations.


This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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