Discussion Post:
• What are the prospects and consequences for Blue Wood if it carries on the way it has been?
• What are the main challenges in developing and implementing a risk management framework for Blue Wood? How does the ownership structure affect these challenges?
• If the company is to develop a risk management framework, who should lead the process? 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?
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.