after reviwing this consider what ten headings you would expect to see in enterprise risk management (ERM) board that will viewed by directors and officers of the company . in this board ,ans the list three board report headings and explain why you will have these in the board reoport.

List of risks that may be used for the Board report 1. The University experienced a fire five years ago and the loss was $5,000,000, 25% of the University was out of service for 6 months due to fire, water and smoke damage. Insurance paid for the entire building loss except for the deductible of $100,000. The University had to withdraw University entrance for 2,500 students for two semesters. The University does not purchase business interruption insurance. 2. The University has experienced 3 water losses (frozen pipes) within the last 10 years with each water claim being $500,000. 3. The University was a victim of a cyber Ware ransom attack, last year. The attacker prevented access to all of the University student records unless $500,000 in bitcoins was paid to the attacker within Seven days. The ransom was paid. 4. The university's 3,000 computers both student and staff are all over five years old and can no longer be upgraded with security patches. The cost to replace all the computers and the software is $3,000,000. The University wants to delay purchases of these computers for two years. 5. The University employs 2000 people and each year 100 people suffer a mild to moderate work injury. On average each of these people will be off work for 10 days. 6. The University has a bar on the premises that is run by the student's union. The bar is very popular on Thursday nights and there are often severely intoxicated students on campus and oftentimes fights will break out. The student's union is a separate legal entity, but it does not buy liability insurance. 7. The University has lost power four times in the last 10 years. Each time they lost power to the campus they were out of business for Seven days and classes had to be cancelled. The university's customer service score went down 20% each time they lost power. 8. The government has reduced the university's budget ($200mm) by 10% this year ($20mm). The University wants to build student residences to improve their revenue and surplus. The cost of the new residence is 100 million dollars and it will take two years to build. They expect the residences to generate $25,000,000 in rents which would equate to $10,000,000 in surplus (profit) 9. The University is worried about their ability to respond during a time of a pandemic. They do not have the money or resources to develop a business continuity plan. 10. The University teaches all of their classes face to face. The University has 10,000 students and 500 faculty members. All of the University classes are run between the hours of 10AM and 3:00 PM. The University wants to build a new building to house their classrooms because they are currently at 98% classroom occupancy. They're planning to build a 100 million dollar Business School within the next two years. 11. The University is worried about their ability to respond to an emergency situation. They do not have the money or resources to develop an emergency response plan. 12. The University is very worried about the safety of its students. It employs 200 security officers to patrol the buildings 24/7. The security budget is $10,000,000 13. The University is very involved in students going off campus and having experiential learning opportunities. Each year 10 students of the 10,000 experience a mild or moderate injury during an activity or learning off campus. One student each year dies while on an off campus activity. The University does not track, manage or monitor off campus activity because they consider the students adults and do not want to intrude on their learning. One student each year dies while on an off campus activity. The University does not track, manage or monitor off campus activity because they consider the students adults and do not want to intrude on their learning. 14. The University is considering buying emergency backup generators. Due to budget cuts they want to hold off on buying the generators for two years. 15. The University owns 2015 passenger vans to transport their students to off campus events which includes within the city, within the province and outside of the country. Each year they have at least three traffic accidents with the vans for an average damage of $5000 to the van. Each year at least five students are injured in one of the three traffic accidents. The University allows these students to drive the other students on off campus activities. The majority of the students at the University are under the age of 22 . List of risks that may be used for the Board report 1. The University experienced a fire five years ago and the loss was $5,000,000, 25% of the University was out of service for 6 months due to fire, water and smoke damage. Insurance paid for the entire building loss except for the deductible of $100,000. The University had to withdraw University entrance for 2,500 students for two semesters. The University does not purchase business interruption insurance. 2. The University has experienced 3 water losses (frozen pipes) within the last 10 years with each water claim being $500,000. 3. The University was a victim of a cyber Ware ransom attack, last year. The attacker prevented access to all of the University student records unless $500,000 in bitcoins was paid to the attacker within Seven days. The ransom was paid. 4. The university's 3,000 computers both student and staff are all over five years old and can no longer be upgraded with security patches. The cost to replace all the computers and the software is $3,000,000. The University wants to delay purchases of these computers for two years. 5. The University employs 2000 people and each year 100 people suffer a mild to moderate work injury. On average each of these people will be off work for 10 days. 6. The University has a bar on the premises that is run by the student's union. The bar is very popular on Thursday nights and there are often severely intoxicated students on campus and oftentimes fights will break out. The student's union is a separate legal entity, but it does not buy liability insurance. 7. The University has lost power four times in the last 10 years. Each time they lost power to the campus they were out of business for Seven days and classes had to be cancelled. The university's customer service score went down 20% each time they lost power. 8. The government has reduced the university's budget ($200mm) by 10% this year ($20mm). The University wants to build student residences to improve their revenue and surplus. The cost of the new residence is 100 million dollars and it will take two years to build. They expect the residences to generate $25,000,000 in rents which would equate to $10,000,000 in surplus (profit) 9. The University is worried about their ability to respond during a time of a pandemic. They do not have the money or resources to develop a business continuity plan. 10. The University teaches all of their classes face to face. The University has 10,000 students and 500 faculty members. All of the University classes are run between the hours of 10AM and 3:00 PM. The University wants to build a new building to house their classrooms because they are currently at 98% classroom occupancy. They're planning to build a 100 million dollar Business School within the next two years. 11. The University is worried about their ability to respond to an emergency situation. They do not have the money or resources to develop an emergency response plan. 12. The University is very worried about the safety of its students. It employs 200 security officers to patrol the buildings 24/7. The security budget is $10,000,000 13. The University is very involved in students going off campus and having experiential learning opportunities. Each year 10 students of the 10,000 experience a mild or moderate injury during an activity or learning off campus. One student each year dies while on an off campus activity. The University does not track, manage or monitor off campus activity because they consider the students adults and do not want to intrude on their learning. One student each year dies while on an off campus activity. The University does not track, manage or monitor off campus activity because they consider the students adults and do not want to intrude on their learning. 14. The University is considering buying emergency backup generators. Due to budget cuts they want to hold off on buying the generators for two years. 15. The University owns 2015 passenger vans to transport their students to off campus events which includes within the city, within the province and outside of the country. Each year they have at least three traffic accidents with the vans for an average damage of $5000 to the van. Each year at least five students are injured in one of the three traffic accidents. The University allows these students to drive the other students on off campus activities. The majority of the students at the University are under the age of 22