Managing my Organisation Well
>
Governance
>
Governance
Risk Assessments
Comprehensive risk assessments are essential to good governance. Oversight across the organisation, along with adequate systems to identify all potential risk brings enormous strength to developing mitigation measures.
A reporting framework, outlining the necessity for timely information, is imperative when planning to avoid undesirable outcomes.
Most Board Members carry out activities for the benefit of the public but there are risks. The nature and level of risk to assess might include the severity of the risk, is it past, present or future? Does the organisation have the capacity to resolve the problem?
Think about risks related to donations. Proper checks, or ‘due diligence’ must be carried out to ensure that funds given to the organisation or paid out are appropriate.
Key points
• Risk assessments can prevent future problems
• Timely information is essential and a reporting framework smooths along processes to respond accordingly
Links for more information
Good Governance
https://www.oscr.org.uk/managing-a-charity/trustee-duties/good-governance
COMPLIANCE TOOLKIT: PROTECTING CHARITIES FROM HARM Chapter 2: Due diligence, monitoring and verifying the end use of charitable funds