Enterprise Risk Management

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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