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The board of directors of a growing asset management company has recommended that the firm establish an ERM framework. Which of the following represents a key benefit that the firm will likely attain after establishing an ERM framework?
A
Allowing the company to determine and make use of a higher risk appetite.
B
Finding the optimal reporting methodology for each risk function.
C
Improving the top-down communication and coordination in the company.
D
Taking advantage of the new opportunities that create value on a standalone basis.