How do I go about categorising risks? - Paris Smith Skip to content

7th October 2013

How do I go about categorising risks?

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7th October 2013

How do I go about categorising risks?


Example question and answer provided by panel member, Julie Mutton, partner at Smith & Williamson – Nov 2012

 Think about the different areas that are important to the charity.  For example:

  • Financial
    • Funding is significantly reduced making the charity unable to operate
    • Trustees receive inadequate information, leading to inappropriate strategic decisions
  • Operational
    • A breach of law or regulations causing the enforced closure of an activity
    • Shortage of appropriate personnel leading to a deterioration in standards and damage to reputation, resulting in reduced funding
  • Governance
    • Inability to recruit trustees with appropriate skills causing poor strategic decision-making
  • External
    • Changes in government policy potentially reducing demand for the charity’s services

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