The real economic damage caused by the financial sector is still unfolding. Charities are among the most vulnerable and many are now realising that they need to urgently rethink their business strategies if they are to weather the storm. Risk management is all about managing a business successfully, whatever the weather. It's all about achieving goals and overcoming business threats through implementing a process that is capable of navigating obstacles as they arise.
The aim of the seminar was to focus on real situations and examine practical solutions. To set the scene, William Hotopf, Senior Head of Risk & Audit, The Prince's Trust outlined the methods and approach adopted at the Trust. This was followed by a workshop. Keith Povey, Group Corporate Secretary, Lloyd's Register opened the workshop to present the practical aspects of risk management with small charities in mind and a team of expert panellists chaired tables to promote discussion among delegates on specific topics.