The best strategy to avoiding problems is being aware of how things could go wrong, taking steps to avoid issues and knowing what steps you would take if something did happen. Awareness and prevention are better than a cure. The AoC provides some useful resources for charity boards you can use.
Guidance | Charity Commission
Guidance | Rosie Chapman, Rosalind Oakley
This briefing looks at the Chair’s role in helping the board to navigate risk. Charities face a multitude of risks, that could derail you from achieving your charity’s aims. The challenge for Chairs is to ensure that your board understands and successfully navigates risks and seizes opportunities, without getting bogged down in details or being excessively cautious. This briefing explores how as Chair, you can help your board take a strategic approach.
Study | Nasdaq
In today’s dynamic and fast-moving workplace, the board plays an important role in risk management and establishing an effective risk culture. Published: August 2015.
Guidance | EY
A director’s practical guide to asking the right questions at the right time.
Blog post | David Jubb
Guidance | Charity Finance Group and Sayer Vincent LLP