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Risk Management Strategy

BrainLink is a not-for-profit organisation providing a unique support service to the Victorian Community and Carers, Individuals with Acquired Brain Disorders (ABD) and their families.

BrainLink is committed to an organisational culture that optimises its ability to achieve strategic and business objectives through appropriate management of risk.  By understanding and managing risk, BrainLink is better placed to improve access to services it provides.  This affords a greater certainty and confidence in our abilities to our funding bodies, partners, health professionals, volunteers and other stakeholders.  Appropriate management of risks will maximise opportunities and safeguard BrainLink’s image and reputation, assets and manage all contractual and statutory obligations. 

 

BrainLink is committed to establishing enterprise wide risk management systems and processes to ensure its strategic goals and corporate governance responsibilities are met.

The objectives of the BrainLink risk management strategy and framework are to: 
  •       Establish a “risk aware” culture in which understanding of risk management is embedded at all levels of the organisation
  •       Provide a framework that encourages enterprise and innovation, and assists management to make decisions that are appropriate and within approved risk tolerance levels
  •       Provide a consistent and systematic approach to identify, evaluate, treat and monitor risks that effect the operation and governance of BrainLink so that risk is managed within the Board’s stated risk appetite and tolerance levels
  •       Ensure the risk profile is maintained to depict current risks for all activities undertaken
  •       Leadership for risk management is embedded within the organisation.

 

The principal focus of this risk management strategy is to contribute to the efficient and effective governance and operations of the organisation.

The risk management strategy is a key document of the organisation in that it: 
  •       Demonstrates the process is conducted properly 
  •       Provides evidence of a systematic approach to risk identification and analysis 
  •       Provides a record of risks and to develop the organisation’s knowledge database 
  •       Provides relevant decision makers with a risk management plan for approval and subsequent implementation 
  •       Provides an accountability mechanism and tool 
  •       Facilitates continuing monitoring and review 
  •       Provides an audit trail 
  •       Sharing and communicate of information