The not-for-profit board's role in risk oversight
Increasing scrutiny is being placed on the board in risk oversight for not-for-profit organizations. However, directors of not-for-profit organizations, including charities, face unique challenges in overseeing enterprise risk management in a regulatory environment of varied, and at times, disparate funder and stakeholder demands. Directors must assess themselves and their environment to better understand risk within their context as well as be aware of any changes that may impact them.
Directors also need to be actively and directly engaged in the oversight of risk management processes, yet confident that management has a system to bring the organization's most material risks to the board's attention.
This webinar is based on CPA Canada's A Framework for Enterprise Risk Oversight for Directors. It is designed to help directors better understand and oversee risk, including embedded vulnerabilities and compounding effects from multiple risks.
You will learn about:
- understanding specific risk challenges of NFP boards
- understanding and clarifying boards' risk oversight role in the NFP context
- identifying and addressing critical risk
- assessing an organization's tolerance for risk
Who should attend?
- board members of not-for-profit organizations
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