Risk management for Charities
These three questions must be asked by all charity Trustees and their Senior Executive
- How do we start risk management –
- What is our management strategy for risk
- What is our appetite for risk
Charities often see themselves as naturally risk averse because Trustees and Executives do not study or understand risk. Advised by Finance and Insurance companies they are directed toward what those august individuals and bodies see as the risks. So what is seen as risk can be part of a skewed agenda.
the second short Article in this series we will be looking at the top risks to charities, and they are not what they were a couple of years ago.