The register should be reviewed and updated annually. Key identified should be undertaken by the person(s) identified as having management responsibility for the risk and progress monitored by the person(s) identified as responsible within the timescale identified. Where more than one body/person is identified as having monitoring responsibility these are listed in order of approval by that body (e.g. a new Strategic Plan would be approved by the Student Council before being approved by the Board of Trustees. The BSSU Risk policy identifies the levels of responsibility within the organisation. Risk Rating Risk Managed Monitored Review Risk / Issue Nature Controls/Mitigation Risk Area No I L I x L by by Date GL1 Governance structures and policy R,B,S 4 1 4 Constitution revised and adopted in Board of framework fails to meet CEO May 2010 and approved by Charities Trustees requirements of Charities Act, Commission in November 2010. Education Act (1994) and other Constitution is reviewed at least every statutory duties 5 years and can be updated to take May and account of legislative changes. 2017 Legal Annual meeting cycle provides time for approval of accounts and statutory returns.
The register should be reviewed and updated annually. Key identified should be undertaken by the person(s) identified as having management responsibility for the risk and progress monitored by the person(s) identified as responsible within the timescale identified. Where more than one body/person is identified as having monitoring responsibility these are listed in order of approval by that body (e.g. a new Strategic Plan would be approved by the Student Council before being approved by the Board of Trustees. The BSSU Risk policy identifies the levels of responsibility within the organisation. Risk Area Risk No Risk / Issue Nature Risk Rating Managed by Controls/Mitigation Monitored by Review Date I L I x L and Legal GL1 Governance structures and policy framework fails to meet requirements of Charities Act, Education Act (1994) and other statutory duties R,B,S 4 1 4 CEO Constitution revised and adopted in May 2010 and approved by Charities Commission in November 2010. Constitution is reviewed at least every 5 years and can be updated to take account of legislative changes. Annual meeting cycle provides time for approval of accounts and statutory returns. Board of Trustees May 2017
BOT-Complete-papers-01.06.16.docx