…

How do charities manage risk effectively?

New research shows that more than half of those working at small charities in the UK have never received risk or governance training.1 Risk is an everyday part of charitable activity and charities need to take risks. However, managing risk effectively is essential to achieving your key objectives.

So how do charities manage risk?

Your risk policy should be unique and will require your key people to decide where you are willing to take risks and where you are not. A bigger-picture conversation about the risks you’re facing will give context to the governance you’ll be putting forward to the rest of the organisation.
But managing risk effectively in 2019 requires more than just a conversation, and perhaps your organisation needs to seek advice on a key area. For example, the Charity Commission requires charities to codify their investment intentions in a written investment policy which they should review regularly. But according to Caroline Jarvis Gee from Edentree, rather than just laying out financial objectives and commenting on acceptable risk levels, charities must remember that this policy should explore and consider the reputational risk that holding investments can pose and how those risks can be mitigated. In a world where 24 hour news cycles, social media and viral messaging can change the message and make a situation seem out of control very quickly, it’s important for charities to remember that by considering the ethical and responsible ramifications of their investments they can protect their reputation and limit mission drift.

Caroline is one of three outstanding speakers from the charity world coming to Bristol to provide more insight and practical advice for managing risk and reputation at your organisation. Speaking at the Jelf and Ecclesiastical joint event; Risk and Reputational Management Seminar 2019 on Wednesday 6 March, they will cover the following subjects:

Jane Grenfell has an extensive knowledge of charity law, particularly in relation to schools, colleges and Universities. She is currently based within the Education and Ecclesiastical team at LBMW and has previously worked for 28 years at the Charity Commission. Jane has also worked closely with Department for Education on the development of academies and multi-academy trusts as charities. And was also responsible for enabling the Colleges of Oxford and Cambridge (with their ancient foundation documents) to be registered with the Commission.

Claire Davidson is the co-founder of DRD Partnership and has worked across a variety of sectors including FMCG corporate brand-building, inward investment, human and animal health, charities, trusts and membership organisations. She currently works with clients on value protection, risk mitigation, litigation communications, issues management and crisis management. And previously worked on a World Health Organisation sponsored smoking cessation project and a Fruit in Schools campaign with the Department of Health in the UK.

Caroline joined EdenTree in June 2018. Prior to joining EdenTree, Caroline worked with charities at James Hambro & Partners, Investec Wealth and Investment and Kleinwort Benson Private Bank. She began her career as a charity fundraiser in the USA before moving back to the UK in 2007 to pursue her MBA, after which she began her career in the City. Caroline is responsible for developing EdenTree’s charity business and organising and delivering a series of educational programmes for trustees and senior charity officers.

Event Details

Date: Wednesday 6 March 2019

Time:
09:00 Coffee and registration
09:30 Seminar commences
14:00 Conclusion 
Lunch and refreshments provided

Location
The Garden Room
The Clifton Pavilion
Bristol Zoo Gardens
Bristol BS8 3HH

This is a free event, suitable for trustees and management of charitable organisations.

Enquire here

 

Sources

1. thirdsector.co.uk/half-working-small-charities-no-risk-training/governance/article/1519793

theguardian.com/voluntary-sector-network/2016/sep/01/the-five-major-risks-all-charity-board-members-need-to-think-about

Tags

Our latest articles and events