Chapter 18 presented special risk management issues with Blue
Wood Chocolates, and chapter 19 presented various financial risks
at Kilgore Custom Milling. 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 for the board
in such a process?
To complete this assignment, you must do the following:
A) 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 for the board
in such a process?
********Text book: *******(Mandatory)
Fraser, J., Simkins, B., & Narvaez, K. (2014).
Implementing enterprise risk management: Case studies and best
practices. John Wiley & Sons
1. Answer contains 550 Words
2. Each paragraph contain 4 complete sentences with different
in text citations***(Minimum two in text citations).***(Mandatory)
3. No plagiarism.
4. Atleast 5 references Needed
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