The erm process Formed a rm committee CEO, RM, CFO, Treasurer, Manager of Audit Services brainstorming session )Willis analysts, RM committee, other employees dentified 47 main risks Six risks were chosen for further investigation Environmental liability Effects of weather on grain volume Counter-party risk ) Credit risk Commodity price and basis risk )Inventory risk7 The ERM Process Formed a RM Committee CEO, RM, CFO, Treasurer, Manager of Audit Services Brainstorming session Willis analysts, RM committee, other employees Identified 47 main risks Six risks were chosen for further investigation: Environmental liability Effects of weather on grain volume Counter-party risk Credit risk Commodity price and basis risk Inventory risk