Explain the background of this development and its merits for capital budgeting.

Explain the background of this development and its merits for capital budgeting. Also, explain why the Insurative model type managerial accounting is necessary to use them well. ow listed on NASDAQ.
Explain the reason for ERM introduction very briefly (one sentence) and analyze the case from the
perspective of the success factors for ERM implementation as we repeatedly discuss during the course and explain their achievements. (Max 400words)
No need to explain the company background etc., nor lengthy explanation. State by bullet points

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