Exercise 1 Circle the statement(s) below that are true. A. Th ability to measure the impact of risks on the value of the company is a key ERM criterion in and of itself, and is also required to satisfy another key ERM criterion - appropriate risk d least for public corporations. isclosures -at B. Most traditional ERM programs struggle to integrate ERM into decision making C. It is important to first establish a detailed risk governance structure before any ERM activities can take place. The baseline company value is the same as market capitalization. D. Exercise 2 Circle the items below that do not represent challenges of traditional ERM frameworks. A. Inability to clearly define risk appetite B. Lack of focus on financial risks C. Lack of integration of ERM into decision makingv D. Inability to quantify strategic and operational risks v ELack of enterprise-wide scope Lack of risk and return management