New Guidance: Risk Governance for Charities, Risk Management Structures and Accountabilities

The Institute of Risk Management (IRM) Charities Special Interest Group (SIG) has recently published a new guidance document entitled:

Risk Governance for Charities, Risk Management Structures and Accountabilities

The guidance considers who needs to be involved in making risk management successful and where the boundaries of accountability and decision making are within third sector organisations.

Alyson Pepperill, CFIRM, Arthur J. Gallagher and SIG Chair told Charity Today:

“Risk management is often viewed as a complex discipline – but we beg to differ and are here to offer practical information to help you manage risk within your organisation.

“Our getting started leaflet, and supplementary guidance demonstrated that risk management is something often undertaken intuitively, with a little structure this can be embedded into an organisation to help it achieve objectives, support successful strategic planning, and reassure people at all levels that uncertainty and risk are being considered and managed appropriately. Integrating risk management into strategic planning can also result in new and different opportunities being identified.”

Fellow SIG member Roberta Beaton, Nursing and Midwifery Council also said:

“Implementing a clear structure for decision making (risk governance) is crucial to successful risk management and requires the engagement and awareness of various layers of stakeholders across the organisation.

“Although Trustees are ultimately accountable for managing risk (as designated by The Charity Commission, the charity sector regulator), they should be supported by the organisation to enable them to fulfil this role effectively. In this guide, we examine the structures charities can use to make effective risk decisions and present options for small, medium and large charities.”

Further information on the SIG and its other guidance documents can be found here:  https://www.theirm.org/events/special-interest-groups/charities/

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