这道题怎么理解，解释一下

问题如下：

Question The board of directors of a growing asset management company is conducting a review of the firm’s approach to risk management. The board concludes that the firm should establish an ERM framework. Which of the following represents a key benefit that the firm will likely attain after establishing an ERM framework?

选项：

A.

Allowing the company to determine and make use of a higher risk appetite

B.

Finding the optimal reporting methodology for each risk function

C.

Improving the top-down communication and coordination in the company

D.

Taking advantage of the new opportunities that create value on a standalone basis

解释：

Explanation:

C is correct. Implementation of ERM requires integration. Appointing a CRO and establishing a centralized, integrated risk management team can better address the interdependencies among individual risks faced by the company and thus increase efficiency.

A is incorrect because ERM does not necessarily allow the company to determine and make use of a higher risk appetite.

B is incorrect because ERM suggests the opposite of a fragmented approach in risk management.

D is incorrect because ERM improves business performance by taking a portfolio view of all risks rather than on a standalone basis.

Section: Foundations of Risk Management

Learning Objective:

Describe the motivations for a firm to adopt an ERM initiative.

Reference” Global Association of Risk Professionals. Foundations of Risk Management. New York, NY: Pearson, 2022. Chapter 8. Enterprise Risk Management and Future Trends.