1. RISK MANAGEMENT INTRODUCTION
|
SPORT4ONTARIO would like to thank Volunteer Alberta for the information contained on this page.
“Any organization that provides programs to the public has a moral, legal and spiritual obligation to institute appropriate risk management practices for volunteer programs. This is not only the right thing to do; it is legally required under the principle of duty of care.”
Marlene Deboisbriand (past president, Volunteer Canada)
Risk Management is:
- The process that an organization uses to identify, assess, control, minimize the risks of Bodily Injury or Financial Loss arising from its activities and operations.
- Discipline for managing the possibility that some future event will cause harm.
- It provides strategies and techniques to recognize and confront threats or danger.
- Its Purpose: To avoid, reduce or prevent risk from imposing negative consequences.
What It Considers:
- Risks at all levels of operations (strategic, operational and project/events)
- Business objectives, decision making and management framework
- The entire organization: from the board to senior management, employees, volunteers and members
The Risk Management Process:
- Establish the context: Why do this?
- Identification: What are the risks?
- Analysis/evaluation: How much will it cost?
- Treatment: What can/should/needs to be done?
- Communicate: Who needs to know and when?
- Monitor: Review results, adjust where needed
Other Risk Management Topics:
|
|
DEFINITIONS
Risk
Any impact caused by internal/external situations or events that prevents:
- Achievement of objectives
- Delivery of services
- Carrying out projects or events
Liability
The legal obligation to:
- Be aware of the losses we cause
- Compensate those who suffer as a result or consequence of our activities
Due Diligence
- Effort made by an ordinarily prudent or reasonable party to avoid harm to another party
- Failure to make this effort is considered negligence
- Standard of care imposed by our courts
Due Diligence (Directors)
- Duty to act in the best interests of the nonprofit.
- Must be seen to attempt to anticipate consequences of decisions or actions
- Obligation to foresee potential risks and take reasonable action to manage them
Negligence
- Legal concept of fault or who is to blame
- Means that someone:
- Failed to do something they should have
- Did something they should not have
Standard of Care (defined by courts)
- Whether the danger was foreseeable
- Was the conduct within acceptable standards?
- Was an inspection process in effect and used?
- Did danger exist at an unreasonable time?
- The ease of preventing the danger
|
The SPORT4ONTARIO Network
| Our Supporters |
 |
|
Our Partners
|
|
|
| |
|
|
|
|
|
Our Network
|
|
|
 |
 |
| |
 |
|
 |
