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?

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.