Erm_Law

Assume your company has created a new Enterprise Risk Management Department. Based on your academic achievements in your MBA program at the University of Phoenix, you have been promoted to Senior Vice President of Enterprise Risk Management. In this role, you are the senior executive at your company with full responsibility for Enterprise Risk Management. Your first task at hand is to prepare a plan to implement Enterprise Risk Management at your company for the Board of Directors to review. The Board will be meeting to evaluate and approve annual bonuses for senior executives one day after your LAW 531 course is complete. Your boss, the CEO, has just told you that the Board will be basing your bonus on how good your plan is. Therefore, your goal is to complete an outstanding plan to implement Enterprise Risk Management so the Board will be impressed with your work prior to determining your bonus. Remember, you have one chance to make a first impression with the Board. Your performance on this assignment may position you as the front-runner to replace the CEO who is nearing retirement age. Unfortunately, at the last minute you have become ill with an annoying but not debilitating sickness. Thus, you have to make a choice whether you will persevere through your illness to impress the Board or whether you will take off sick from work and stay home and lay on the couch. To make matters worse, you realize that a 24-hour Sponge Bob Square Pants marathon starts at midnight. Keep in mind that the other senior executives are working late into the night on their own projects to impress the Board. The requirements of your assignment are listed below. • Prepare a plan to implement enterprise risk management based on the Committee of Sponsoring Organizations of the Treadway Commission (COSO) recommendations. Your plan should be generic so it can be implemented at any company or organization. Your paper should be at least 2500 words long. There is no maximum number of words allowed.