IT Governance, Risk, and Compliance

Jul 1 2010   6:00PM GMT

Not-for-profit Risk Management – Part I

Robert Davis Robert Davis Profile: Robert Davis

Crucial to achieving appropriate not-for-profit performance and conformance equilibrium is consideration of the entity’s strategic mission as well as risk management system. To empower performance and conformance through entity-centric risk management, not-for-profit’s must: establish a common definition of control that serves all organizational units, provide standards against which organizational units can assess their control systems and determine what improvements are necessary. Cascading from these requirements, not-for-profit entities that execute a strong balance between performance and conformance through appropriate value delivery risk management have the best long term prospects for thriving in their particular regulatory environment.

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