how could smaller companies without the resources for a dedicated cro deal with erm

Chapter 18 presented special risk management issues with Blue Wood Chocolates, and chapter 19 presented various financial risks at Kilgore Custom Milling.

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1) If Blue Wood Chocolate and Kilgore Custom Milling are to develop a risk management framework, who should lead the process at each company?

2) Should a Chief Risk Officer (CRO) be appointed? If so, to whom should he/she report and have access to?

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

4) How does this relate to Financial risk management: finding ways to protect assets

No Plagiarism, minimum 350 words, use at least 2 references