"Developing an ERM plan" Please respond to the following:

1. 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.

2. 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.