Risk Management

The identification and management of risk is one of the board’s responsibilities. Risks are not just financial risks, but also include risks associated with loss of key staff and volunteers, reputation or health and safety.

The identification and management of risk is one of the board’s responsibilities, although parts may be delegated to operational staff or volunteers. The Charity Commission has guidance on risk management and we’ve picked out some of the best other tools and guides for you.

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Insurance

Some risks are dealt with by insuring against them, which may be a legal requirement (for example, motor and employer’s liability insurance, where a charity owns vehicles or employs staff.) The Charity Commission has produced excellent guidance.

Risk management