Risk and control
The management of risk is one of the key functions of the board of any organisation. To do this, boards need oversight of the factors within the organisation and the wider environment that may threaten its operations, success, sustainability and reputation, and to ensure that there are appropriate controls in place to mitigate them. This section provides guidance and tools to enable you to understand various key aspects of risk and control. Namely, it will answer the following key questions:
- What are risk, risk management and control in sports governance?
- What are conflicts of interest and how do we manage them?
- What financial controls can help manage risk and how?
- How can whistleblowing help mitigate risk in sports governance?
Managing risk and providing control for your organisation are two vital components in developing good governance in sports.