Chief Risk Officer vs. Risk Committees

A major stumbling block companies run into when beginning their ERM journey is whether to have one risk champion (CRO) or have a committee that handles risk oversight.  Paul Zavolta, Director of ERM at Alpha Natural Resources, tells how Alpha Natural Resources uses both and discusses the importance of having individuals in risk leadership positions who possess strong people skills in addition to their technical expertise. He also goes into how he wishes he had risk management education as a college student and how that would have helped him throughout his career.