Impact and risk.

Farther up the chain your decisions have broader impact, good or bad. Those kinds decisions have more value than decisions that have a much narrower range of effect.

As what my industry calls an SME(subject matter expert), at most my decisions effect one or two systems at a time, while a leadership decision impacts 10 or 100 (or more) people’s focus/direction. This includes the risks - so their decisions have a much broader scope.