Risk Management Policy

Risk may be defined as events or actions that can prevent an organasation from achieving its planned objectives, in part or in full. It is also the failure to take advantage of opportunities to promote and develop the organisation to achieve its objectives.

The risk management policy forms part of the Trust's internal control and governance arrangement. The policy explains the Trust's underlying approach to risk management. It gives key aspects of the risk management process, and identifies the main reporting procedures. It describes the process the Trust uses to evaluate the effectiveness of the Trust's internal control procedures.

Risk Management Policy