Charities need to take risks as well as avoid them, so trustees and managers should draw up a policy to put these in context
Charities often deal with risk by preparing a register of all the things that could go wrong. But a long list, ranked for probability and impact, does not necessarily mean that you are managing risk.
A better approach is to start by having a conversation among trustees and senior managers about what the risk policy of your charity ought to be. This is about setting the tone from the top. But it is not about avoiding or minimising all risk: a charity’s risk policy needs to state where the charity is prepared to take risks as well.
Continue reading...from Voluntary Sector Network | The Guardian http://ift.tt/2bM6T46
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