Anyone who has ever been involved in the management of a not for profit (NFP) organisation will immediately recognise the risk management challenge. By their very nature NFP’s generally do not have either the human or financial resources of larger commercial organisations. Rarely do they have internal lawyers, and often they do not have resources dedicated to manage other key functional areas such as human resources or technology. As a result, time poor CEO’s, general managers and finance officers are forced to add risk management to their never ending list of daily responsibilities.
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