Why might it be in a firm’s best interest to centralize the management of some risks but not others? Describe why the organizational status quo might lead to resistance to ERM implementation. How can this potential resistance be overcome? How do you succeed in making sure that the risk committee really turns into an ERM champion, as opposed to continuing in a silo mentality?
Required:
Provide at least 300 words
Use formal writing using the technical language of Risk Management.
Respond by extending the discussion by adding new insights, different examples from your experience, or from other sources.
Apply critical thinking. Superficial agreements, quoting other learners, or repeating the case content will count as zero words and zero points.
Probing questions or challenging assumptions are strongly encouraged for maximum points.
