Risks should be opportunities for charity FDs
Charity FDs fail to see difficulties as potentially beneficial
Charities
are missing the bigger picture in their approach to risk management and should
be seen as an opportunity instead of a bureaucratic chore.
The
Charity
Finance Directors’ Group sent out the warning ahead of the risk conference
on 28 November in London.
‘We want charities to have a close look at traditional risk issues like fraud
and insurance, but then also look at relationships with their stakeholders in
general – and then start to see opportunities arising out of managing any
occurring risks proactively’, said CFDG chief executive Keith Hickey.
‘Charities are finding it difficult dealing with some of the risks that they
face, many of which ultimately come back to finances,’ said PKF risk expert
Richard Weighell.
Deayton
and Baddiel used charity schemes