Free Webinar – Understanding Risk Management for Nonprofit Organizations
November 1 @ 10:00 am - 12:30 pmFree
HOW YOU WOULD BENEFIT:
This session will focus on three areas: identifying and assessing organizational risk, financial risk management, and the Board’s role in risk management. In particular, the training will discuss how to identify and understand common areas of risk such as governance and oversight, contract, financial, regulatory compliance, physical and other injuries, reputational risks intellectual property, personnel management, and data security. It will also discuss what risks are transferable, through insurance or otherwise, and what risks are not, such as loss of funding. It will also explore how to mitigate risk by developing a mitigation and response plan, including prevention; training and emergency response; establishing reserves against loss; and the purchase of insurance. Finally, the session will delve into the Board of Director’s duties in ensuring a proper risk management plan is in place.
An email will be sent prior to the event with instructions on how to view the webinar.