The setting of a charity’s risk appetite
Who would find this resource useful?
The consideration of risk and how risk is managed is particularly important for charities because their governance structure means that those who are ultimately responsible for the charity, its trustees, are not normally involved in the day to day running of its operations.
An organisation would use this resource when…
…considering their ‘risk appetite’ – the need to consider how much risk it is willing to take, where the balance is in the risk/reward equation and when to take it.
How can this resource help?
This document provides an introduction to:
- What is risk appetite?
- The interaction of risk and control
- Risk contagion