Which action can a Policy Owner perform regarding policies in ServiceNow?

The action that a Policy Owner can perform regarding policies in ServiceNow is retiring a policy. A Policy Owner has the responsibility and authority to manage the lifecycle of policies, which includes the ability to retire them when they are no longer relevant, necessary, or when a new version has been implemented. Retiring a policy ensures that outdated documents no longer create confusion or lead to compliance issues within the organization.

The other actions listed, such as approving policy signatures, creating new risk assessments, and updating control objectives, are generally responsibilities assigned to different roles within the ServiceNow framework. For instance, approving policy signatures often involves a governance or compliance role rather than just the policy ownership, while risk assessments and control objectives relate more to risk management functions that may not fall under the direct purview of a Policy Owner. Therefore, retiring a policy is the specific action aligned with the duties typically assigned to a Policy Owner in the context of managing policies in ServiceNow.