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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: Tips in Risk Management (PDF 294KB)

Fact Sheet: Minutes Matter: Best Practices (PDF 572KB)

 

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.


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