Information on corporate governance standards.
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Yes, a risk management process should be adopted for many aspects of your school’s operation.
Risk is anything that may impede a school in the achievement of its objectives.
Risk is measured in terms of consequences and likelihood (AS/NZS ISO 31000:2009 Risk Management Principles and Guidelines).
Schools, through a Risk Management Policy, should establish a comprehensive system of risk management, risk oversight, compliance, and internal control
The policy should set the risk tolerance for the school, approve the risk management framework, and monitor its effectiveness.
The Australian Standard 31000:2009 provides useful directions on how effective risk management can be implemented.
Your school may not achieve its goals, targets and priorities.
Director, School Services
Ph. 03 9825 7211
School Services Advisor
Ph. 03 9825 7275