Description
1. Critique company approach to ERM, given the organization’s size, business strategy, and key risks.
2. How would you evaluate and/or rank/compare the state of maturity of each company’s ERM program using anyone, or a combination, of the following: a)James Lams Five (5) Stages of Maturity (Class #1);
b) The COSO ERM Framework (Class #2); and/or
c) The ISO 31000 ERM Framework (Class #2).
Prepare a Comparative Analysis of Company B approaches to ERM, specifically:1.Critique both Companies approach to ERM given each Organizations size, business strategy and Key (i.e., most important) Risks.2.How would you evaluate and/or rank/compare the state of maturity of each Companys ERM Program using any one, or a combination, of the following:a) James Lams Five (5) Stages of Maturity (reviewed in Class #1)b) The COSO ERM Framework (reviewed in Class #2); and/orc) The ISO 31000 ERM Framework (reviewed in Class #2).