Risk Management A Guide for Non-profit and Charitable Organizations

The objective of this planning guide is to help managers and boardYour board of directors provides governance to your organization. volunteers to better understand the importance of risk management

Risk management involves examining a situation and 1) identifying what can go wrong, 2) identifying measures to avoid such problems, and 3) if something does go wrong, identifying steps that can be taken to lessen the negative impact. These measures may include the use of policies, procedures, and protections (such as insurance or education). Risks can be related, for example, to financial loss, workplace safety issues including abuse & physical harm or injury, property damage, or loss of reputation.

and to learn how to implement risk management policies and procedures into their organization. These practices include obtaining insurance coverage for volunteers; screening volunteers to protect clients

This term is used here to refer to the service-users that organizations work for and with and provide services to. We have chosen to use clients because of its common currency and ease of use, while acknowledging that it may unintentionally connote a particular ideology of patronage or a purely financial transactional relationships between organizations and the people they serve.

from harm; developing board orientation and training materials; developing strong employment practices; and implementing policies and procedures that protect the organization.

 

Bertrand N. and Brown L. (2006) Risk Management A Guide for Non-profit and Charitable Organizations Imagine Canada