Answers of Business Organisation Management

							              STATUS OF YOUR ORGANISATION’S RISK MANAGEMENT PRACTICE

Active risk management can reduce the cost of losses and the potential for
major impact upon organisation business and reputation.

Answers to the questions below are designed to:
 provide a current outline of your risk management systems and practices;
   and
 assist the organisation to direct resources to those areas of greatest need or
   priority

Compliance & Policy Communication                                                    Yes No
1. Do you have a risk management plan and strategy in compliance with
   Government requirements?

2. Does your organisation have a documented risk management policy?

3. Has this statement been communicated to all staff?

4. Has your Executive/Board been briefed about risk management and the key
   risk exposures of the organisation?



Resources and Accountability                                                         Yes No

5. Do all managers’ job descriptions assign responsibility for risk management?

6. Is there a risk management coordinator for the organisation?

7. Is risk management an element of new employees’ induction programs?

8. Has training been provided in risk management and loss control over the
   last twelve months?

9. Is there budgetary accountability for self-retained losses and exposures?

10. Are staff trained in key aspects of all relevant legislation that affects your
    organisation?

11. Are your managers sufficiently aware of potential liabilities arising from
    organisation contracts, provision of professional advice and the like?

12. Do managers act upon reports of incidents and accidents to prevent future
    occurrences?

13. Do you have an incident/accident recording and reporting system?

14. Are all incidents and accidents investigated and remedial actions instituted?




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              STATUS OF YOUR ORGANISATION’S RISK MANAGEMENT PRACTICE

Risk Management System                                                               Yes No

15. Have you conducted a risk profile to identify the organisation’s key strategic
    and operational risk exposures?

16. Is there a process to review all new activities of the organisation for risk?

17. Are there disaster recovery, contingency, crisis or issue management plans
    in place and tested?

18. Is risk management a part of the organisation’s business planning process?

19. Is risk management now fully developed and applied within the
    organisation?



Risk Management and Corporate Governance                                             Yes No

20. Do Executives/Directors have a formal system in place to ensure compliance
    with legislation?

21. Is this system sufficiently comprehensive, according to the practices of the
    organisation, to ensure compliance?

22. Do Executives/Directors demonstrate an awareness of industry standards?

23. Can Executives/Directors formally demonstrate that they react immediately
    (and personally) if they become aware that the organisation’s compliance
    system has failed?

24. Can Executives/Directors demonstrate that they critically review all reports
    presented to them?

25. Are all the foregoing efforts fully documented?

                                                                                     Yes No
TOTALS

KEY NEEDS




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