“Developing an ERM plan”  Please respond to the following:

• From a management perspective, decide which key policies and procedures one should consider as the starting point when developing an ERM plan for an organization. Defend your position.
• Provide a list of essential personnel whom you believe should be involved in creating and maintaining an ERM plan for an organization. Describe the role of each person. Suggest a timeline for establishing an ERM plan, giving your opinion on how frequently the plan should be reviewed.