Reference no: EM132394732
Assignment: If Blue Wood Chocolate and Kilgore Custom Milling are to develop a risk management framework, who should lead the process at each company? Should a Chief Risk Officer (CRO) be appointed? If so, to whom should he/she report and have access to? How could smaller companies without the resources for a dedicated CRO deal with ERM? What is the role of the board of directors in such a process?
Assignment Requirements: Create a new thread.
1. As indicated above, if Blue Wood Chocolate and Kilgore Custom Milling are to develop a risk management framework, who should lead the process at each company?
2. Should a Chief Risk Officer (CRO) be appointed?
• If so, to whom should he/she report and have access to?
3. How could smaller companies without the resources for a dedicated CRO deal with ERM?
4. What is the role of the board of directors in such a process?
Select at least 2 other students' threads
• Post substantive comments on those threads by evaluating the pros and cons of that student's recommendations.
• Your comments should extend the conversation started with the thread.