chapter1:special risk management issues with Blue Wood Chocolates
chapter2: 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?