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