Risk appetite is the greatest concern from a governance perspective when two large financial institutions with different corporate cultures are engaged in a merger, because it reflects the amount and type of risk that the organizations are willing to pursue, retain, or take in order to achieve their strategic objectives. Risk appetite is influenced by various factors, such as organizational culture, values, beliefs, and behaviors, as well as external factors, such as market conditions, regulations, and stakeholder expectations. Therefore, if the two merging organizations have different risk appetites, this may create challenges and conflicts in aligning their strategies, policies, processes, and systems. It may also affect their performance, compliance, reputation, and value creation. Therefore, it is important to assess and harmonize the risk appetites of the two organizations and ensure that they are consistent with their merged vision, goals, and needs. References := Good Governance Institute Board guidance on risk appetite, Risk Appetite: A Conversation of Governance, Organisations must define their IT risk appetite and tolerance