Questions: 1.Define Enterprise Risk Management? 2. Illustrate and explain IIRM Risk Management Framework. 3. What is the importance of Risk Management in the Strategic plan of an organization? 4. Give the comparison of Traditional Risk Management against Organization-wide Risk Management. 5. Enumerate five (5) benefits in employing Risk Management systems in an organization. 6. Give five (5) specifications found in Risk Management Policy. 7. As a member of the Board in an organization, list down three (3) responsibilities that the Board must carry, and why?