One of the most important responsibilities of any Board of Directors is overseeing the thoughtful management of risk across an organization. Is your non-profit enterprise taking on too much risk strategically? Are you meeting all the compliance requirements for funders and the government?
Are you taking on enough risk? Risk management is not about eliminating risk. It’s not even about reducing risk in every circumstance. Effectively addressing risk sometimes means fully appreciating the risks you face and being able to optimize the possibility of success in spite of uncertainty.
Think of it this way: nothing ventured, nothing gained. All action carries some risk. How do you make the best decisions in fast change and uncertain times?