Tailor the classification of risks to the organisation
Classifying risks so that they align with the organisation’s objectives and operations will ensure more relevant and embedded risk management. The majority of charities follow the Charity Commission guidance CC26: Charities and Risk Management which was published in 2010 and updated in 2017. The guidance is simple and easy to follow, and it suggests categorising
Wrong risk description = wrong controls implemented = risk not managed
In a recent post I challenged whether the way we manage risk is effective and suggested there were 4 questions we should ask when reviewing the major risks in the risk register. Two initial questions to consider were: Have we identified the risk, the impact on the organisation and what would cause it? What are
5 thoughts on Risk from the Independent Schools’ Bursars Association Annual Conference 2019
Keynote on the Global Economic Outlook Joe Nellis kicked off the Conference with a look at the global economic outlook and how it is going to affect the sector. Perhaps we now need to review the external risks in our risk registers and assess how it reflects the threats and opportunities discussed in relation to our schools. Legal Update
Risk
For many charities and schools risk management is considered to be a compliance activity although many might argue that we think about risk daily in how we operate. How effective is our risk management? I believe that if we consider these 4 areas it will reveal how effective our risk management really is? Looking at
