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Develop risk management framework

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Reference no: EM132406212

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.

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.

Reference no: EM132406212

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