The board of a nonprofit organization has a limited but critical role in nonprofit risk management. The board must ensure that project teams are performing risk assessments, weigh in on important potential risks, and set the tone for effective risk management processes from the top of the organization:
Risk Alternatives provides a hands-on series of three nonprofit training sessions with your board to identify proper roles, clarify the organization’s willingness to take risks in pursuit of its objectives, and provide support relating to key risks facing the organization. This engagement provides the following benefits:
“Nose in, hands off” philosophy. A board should be nosy, but not intrusive. Our training provides the nonprofit resources and professional development that helps executive directors reduce board member temptation to get in the weeds, while satisfying board members’ desire and obligation to perform their important governance function.
Sustainable risk management initiatives. All the staff training in the world will not build effective, sustainable long-term risk management if your board ultimately does not support those efforts. By coupling board training with the RIPE engagement, you can increase the likelihood that your nonprofit will make a risk process a way of life.
Increased board engagement on mission-critical objectives. By learning how the organization is identifying risks, evaluating risks, prioritizing contingency plans, and acting on threats and opportunities, your nonprofit leaders learn how to mobilize their own networks to serve the nonprofit more effectively.
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