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?
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- 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?
- 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?
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.
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