Eight hallmarks of a risk aware Charity
How can charities get the most from their risk management?
Focus
Our experience of working with charities that are at the forefront in all these areas has led us to identify certain hallmarks of risk aware organisations.- A risk aware charity has a clear strategy and effective governance.
- A risk aware charity links strategy to risk management.
- A risk aware charity horizon scans and anticipates beyond the current strategic plan.
- A risk aware charity understands the need to take risks and innovate.
- In a risk aware charity risk appetite/tolerance is articulated and understood.
- A risk aware charity embeds risk management at all levels with the right tone set at the top.
- A risk aware charity understands the need for assurance and performance management and builds these into the process.
- A risk aware charity communicates effectively.
Naziar Hashemi
Head of Social Purpose and Non Profits
London