Please look the attachments Chapter 18 and chapter 19. Please answer the following thread.
Question Description
Chapter 18 : presented special risk management issues with Blue Wood Chocolates,
Chapter 19 : presented various financial risks at Kilgore Custom Milling.
1) 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 for the board in such a process?
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