IRM Charities SIG – 2016 round up

So this is Christmas (well nearly), and what have you done? Another year over and a new one about to begin (as John Lennon once sort of said!) Yes, it’s getting to that time of year when many of us will reflect on our achievements (over a few too many glasses of mulled wine if you’re anything like me) and the IRM’s Charities SIG is no different!

We thought 2015 was a pretty good year but, if anything, 2016 has been even better.

One of our key aims is to make risk management more accessible to charities.  So much of the guidance out there is geared towards the finance sector and big corporates and just isn’t relevant to most of us - added to which it’s usually full of jargon and way too long!  In 2015 we launched our ‘Getting Started’ campaign and this year we’ve followed it up with not one, but two pieces of guidance - ’Getting better’ and ‘Setting your risk appetite’.   Getting better sets out a simple framework to help you develop a plan for improving your risk management.  Risk appetite is a hot topic at the moment but can be a complex subject to grasp.  Our recently published guidance aims to help charities understand how much risk they are prepared to take in different areas of their work – take a look if you haven’t seen it yet at /events/special-interest-groups/charities/

All of this guidance is written by members of the Charities SIG committee with input from those that attend our meetings and seminars.  In 2016 we held four very well attended round table meetings and seminars to launch the guidance and to discuss topics ranging from techniques we’re using to embed risk management to developing risk appetite.  But we know there will be some of you who can’t attend as our events are held in London.  Our newsletter – kindly sponsored by Ansvar Insurance - hopefully fills the gap there!  We try to give a round-up of the key issues discussed at the events as well as articles from our guest speakers and other experts.  As you can imagine it takes a lot of effort to produce three newsletters each year so we’d love to know what you think of them.  What are the burning issues you’d like to hear more about?  Contact me with any thoughts.

One thing we didn’t expect to be doing at the start of the year was responding to the House of Lords Select Committee’s inquiry into charity sector sustainability.  Members of the SIG helped to draft a comprehensive response on behalf of the IRM which we hope will help the Committee understand how critical risk management is to improving the sector’s capability. Watch out for their report due out March 2017!

So that’s it for 2016 but we’re already on the case for 2017 so keep any eye on our website for details of our upcoming events.  All of the work committee members do is on top of our day jobs so a big thank you to everyone who has helped to draft and publish our guidance, our newsletters and to host and arrange our events.  We’re a small (but I like to think select!) band of people and we’re always looking for others to join us so we can do even more to help charities implement and embed risk management.  If you’d be interested in joining the committee, attending our events or receiving our newsletter just let me know.

So I wish you all a very merry Christmas and a happy new year, let’s hope it’s a good one without any fear (of risks!)

Alyson Pepperill