1.You are a manager in the treasurydepartmentin Zillow group (Please read Zillow's 10K). Your boss, Caitlin Reacher, isthe CFO and reports to the board's risk committee. She is constantlyworried aboutidentifying risks to the company asthe board iscontinually reviewing the 10-K. She is asking you towrite her a short memo thatdevelopsa process that helps keep that list fresh. Some of the questions she isasking you about are how often we should investigate the sources of risk, how we should institutionalize (or make a regular part of our activities), who should run it, and who should be part of the process. In addition, she is asking for ideas about how to ensure that we consider all the material sources of risk.

2.Your boss, Cailin Reacher, wants to look at the company's current 10-K risks from an ERM perspective. She asks you for another memo that assigns each10-Krisk to one or more ERM Quadrants. She is interested in your rationale for the placement. In addition, she would like a simple risk map for what you think are two of the most criticalrisks on a two-by-two matrix. High/Low frequency versus High/Low severity. She is interested in what your rationalefor the placement of these risks might be.

3.[This is not a memo, but an essay]. Given the HBR cases we have read so far this semester, evaluate how each one of those companies would rank on a scale from ...Complete adoption of ERM to No ERM in evidence. Pleasediscuss the company's risk oversight as discussed in the case, if any. Providea rationale for your placement in the category you choose. Tothe extent that afirmis not "perfect,"what would you suggest the company do to remedy the situation? [Hint: Please note that it might be that their ERM is substandard from a theoretical sense, but that one may not need more of it. I am not looking for justthatthey all are badfirmsand needto domore ERM. I am looking for a thoughtful discussion.]

Appendix -Memo Outline.Please feel free to adapt as you see fit.

To: ____

From:____

Subject:______

Executive summary

This part should contain the question(s) asked and brief answer(s).

Discussion

This part should contain the support for your answer to the question(s). It may alsoincludeany technical items (graphs or tables) that support your answer.

Recommendation

Based on the above discussion, I recommend we do x, y z.