Ten Hallmarks of a Risk Aware Non Profit

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Our insight explores ten key hallmarks non profits should review and consider when assessing their approach to risk management.

1. A risk aware non profit has a clear strategy and effective governance.
2. A risk aware non profit links strategy to risk management.
3. A risk aware non profit horizon scans and anticipates beyond the current strategic plan.
4. A risk aware non profit understands the need to take risks and innovate.
5. In a risk aware non profit risk appetite/tolerance is articulated and understood.
6. A risk aware non profit factors in the third dimension of risk.
7. A risk aware non profit considers the unexpected.
8. A risk aware non profit embeds risk management at all levels with the right tone set at the top.
9. A risk aware non profit understands the need for assurance and performance management and builds these into the process.
10. A risk aware non profit communicates effectively.