s 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 acce

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Chapter 18 presented special risk management issues with Blue Wood Chocolates and chapter 19 presents 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 of the board of directors in such a process?

Assignment Requirements:

  • 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?

Minimum 500 words. No plagiarism and please DO NOT give others content.

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