Managing risk is part of the board stewardship responsibility and management’s duty of care. The board and management need to develop an appropriate risk management environment for the organization to ensure risk exposures are within the risk tolerance set by the board. Risk management is the identification, evaluation and prioritizing of risk followed by the implementation of controls to manage and mitigate the impact of risk events.
Join OCIC and Eric Plato for this two-part virtual webinar series for organizational and institutional members, to learn more.
Risk Management – Part 1
During this webinar you will gain a better understanding of risk management. The focus will be on the role of the board and senior management in the risk management process. Particular areas of learning include:
• Benefits of risk management
• Developing a risk management policy
• Framework for NGOs to identify and evaluate risk
• Reputational risk
• Reporting on risk
Eric Plato is a CPA, CMA who has held many finance roles in the non-profit sector over the past 30 years. Between board and work experience he has supported organizations with budgets ranging from under $100,000, to over $100 million. Eric is an experienced trainer, speaker and facilitator in non-profit financial management, and currently teaches financial management for NGO’s at Centennial College. His goal has always been to support the non-profit sector to feel more confident and comfortable in managing matters of financial management.