Free risk management guide for charities
Risk Governance for Charities is a newly published and free guide issued by The Institute of Risk Management (IRM). It aims to demystify risk management and provide practical information to help manage risk within charities. The guide is user friendly and is aimed at everyone involved with a charity from the volunteers to the leadership team to trustees.
Trustees are ultimately responsible for managing risk but they should be supported in this role by the whole organisation. By having good risk management practice, risk taking is calculated and the charity is clear on the level of risk it is acceptable to take to pursue any opportunities available. The guide also examines the structures charities can use to make effective risk decisions within small, medium and large charities, identifying elements that are required, recommended and optional/best practice.
In addition to this guide, the IRM has issued other useful guidance on risk management:
- Getting started: How to set up risk management
- Getting better: Understanding your risk maturity
- Setting your risk appetite : Understanding your appetite for risk
For advice on charity governance contact Elizabeth Irvine.