Risk management for Charities
This short Article on the risk management process is an opportunity to signpost Senior charity and no profit execs and trustees to the institute of risk management and their risk management tools.
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
All this and more can be found in the document easily downloadable from the institute of risk management , it might be risky not to.
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.
Get in touch if you’d like to talk about your charity, risk management, your risk appetite and strategy and how we can support you.
Call me on 07813813371 or email [email protected]charitycheckup.co.uk
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