|
By Paulette Vinette, CAE, and Stuart Hartley, FCA (Published by CSAE)
Risk isn’t just something for corporations to worry about. It has become increasingly important for not-for-profits to monitor and manage risk, and every organization must have a plan in place.
By now, most not-for-profit executives are familiar with the concept of risk management. But implementing an integrated strategy—measuring and assessing risks, balancing avoidance against opportunity, allocating proper resources, and understanding one’s basic legal rights and obligations—is a process that can easily be mishandled.
This new publication from CSAE is designed to help executives by introducing them to the best practices and tools necessary for planning, executing and maintaining an effective risk management strategy. Topics include:
- The business reasons and legislative pressures to implement a program
- The roles and responsibilities shared by the board, its committees, external auditors and senior management
- Implementing a risk management program
- Establishing financial controls
- Applying the COSO model of Enterprise Risk Management
- Tools, templates, and quick-reference checklists to simplify the implementation process
The toolkit is an invaluable resource for senior staff at any not-for-profit organization, and a perfect complement to our popular Risk Management Primer for Directors of Not-For-Profit Organizations. |
|
