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Develop a risk management framework using given details

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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.

Reference no: EM132394732

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