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Information on corporate governance standards.
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AISV Compliance Framework Risk Management process Please scroll to the bottom of the page for contacts and links Do you need to comply? Yes, a risk management process should be adopted for many aspects of your school's operation. Conditions of compliance 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 Standard 4360 Risk Management). If you have to comply, what do you have to do? 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 4360 provides useful directions on how effective risk management can be implemented. What are the consequences if you don't comply? Your school may not achieve its goals, targets and priorities. Who will help you? AISV contact: Peter Roberts AISV documents: Click here to download a presentation on "Risk Management Process" (PDF 22KB • password required) Click here to go to the AISV Governance Guidelines • Compliance and Risk Management Click here to download the AISV/Willis "Risk Management Framework for Schools" (PDF 754KB • password required) Other links: DEECD: Victorian Government Schools Reference Guide Section 6.14 "Risk Management" Standards Australia website • you can purchase AS/NZS 4360 Risk Management Submitted 4/27/2007, edited 7/15/2008. |
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