Risk Management

Risk management is something agriculture and rural organizations should address.

Consideration needs to be given to the internal and external factors that could quickly create a crisis for the organization. Understanding risk management basics (Sector Source) can help board members take the next steps in addressing risk.

Organizations need to:

      • Develop a risk management strategy 
      • Use a checklist to determine which risks should be a priority
      • Evaluate all risks 
      • Look at the risks specific to board members
      • Determine the risks with potential impacts on paid staff
      • Ensure board members and staff know how to manage risks the organization may face


Leadership (whether paid staff or board members) needs to remember:

      • Ask questions about risk management and how to best address risks
      • Provide orientation and training for new board members that focuses on risk mitigation
      • Create policies and procedures that address risk 
      • Know the legal responsibilities of board members that apply to your organization
      • Take accurate, comprehensive minutes to minimize risk

 

Fact Sheet: Risk Management: Build Your Organization's Effectiveness (PDF 385 KB)

Fact Sheet: Meeting Minutes: Build Your Organization's Effectiveness (PDF 578 KB)

 

Other related links

 

This information is designed for informational purposes only. The information contained in this web page is not intended or implied to be a substitute for professional advice. Users should consult with their professional advisors to determine the appropriateness of the information contained in this web page for their own situation.