How could smaller companies without the resources for a dedicated CRO deal with ERM?

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How could smaller companies without the resources for a dedicated CRO deal with ERM?
February 29, 2020 Comments Off on How could smaller companies without the resources for a dedicated CRO deal with ERM? Assignment Assignment help
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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 to? How could smaller companies without the resources for a dedicated CRO deal with ERM? 

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A) 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 to? How could smaller companies without the resources for a dedicated CRO deal with ERM?

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