I think what OP is trying to say is that just because there is no CRO, doesn’t mean there is nobody that cares about risk. It’s a red herring.
If the CRO left, the whole organisation under and above him didn’t suddenly disappear. Chances are they have a top lieutenant that knows as much if not more of the actual risk than the CRO.
Or one might fire the CRO if they are tired of their incessant, daily nagging that the entire business it at risk and that we need to make sweeping changes that are going to negatively affect next quarter profitability.
If the CRO left, the whole organisation under and above him didn’t suddenly disappear. Chances are they have a top lieutenant that knows as much if not more of the actual risk than the CRO.