11/15/2022 0 Comments Risk management policy![]() The IRM Officer provides university-wide leadership to identify and manage possible strategic, financial, operational, compliance, hazard or reputational risks. The IRM Steering Committee assesses progress toward optimal risk treatment of identified institutional risks and recommends changes in course as needed. The IRM Steering Committee reviews and approves IRM presentations to the Compliance, Audit, Risk Management, and Legal Affairs (CARL) Committee of the Board of Trustees and assists in the evaluation of any comments or questions the Board may have. Minutes of IRM Steering Committee meetings will be approved and archived. The IRM Steering Committee meets as needed and is charged with guiding the advancement of Institutional Risk Management, providing its programs and the IRM Committee with direction and assessing ongoing performance. The IRM Officer and other staff will provide support to the committee as required. The IRM Steering Committee is comprised of the Provost, the Vice Chancellor for Finance and Administration, the Vice Chancellor for Information Technology Services, the Director of Internal Audit and advised by General Counsel. Willful violation of contractual obligations orĬategories of risks managed through the Institutional Risk.Intentional violation of federal, state, or local laws.Willful exposure of students, employees or others to unsafe environments or activities.Some level of risk is not only expected in normal everydayĪctivities but can be beneficial. Manage risks using the Institutional Risk Management process. It is the responsibility of UNCG and its leaders to identify, assess, and ![]() Manage significant risks that may impact the attainment of key UNCG objectives. Process-driven tool that enables administrators to visualize, assess, and Must be practiced throughout the University. Proper management of risk is a core leadership function that Inherent to any activity, and it is neither possible, nor advantageous, to entirelyĮliminate risk from an activity without ceasing that activity. ![]() ![]() Isolation from other risks, and a series of risk events may result in aĬollective set of consequences that have a greater impact than the individualĬonsequences associated with each risk event taking place in isolation. Risk refers to the probability of an event and potentialĬonsequences, both positive and negative, to UNCG. ![]() It is intended to ensure a consistentĪpproach to risk management throughout the university. The Risk Management Policy serves as a statement of the overall ![]()
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