Independent School Governance and Risk Compliance (GRC) maturity self-assessment

Download the printable version

This self-assessment questionnaire will take approximately 15 - 20 minutes to complete. Each question asked requires a judgement to be made with regards to your school’s GRC arrangements as per below:

Assessment critieria
Not Known unable to make an informed assessment.
Emerging informal approach though not yet effective.
Developing approach meets basic expectation of stakeholders though not as effective as it could be.
Maturing approach built into normal course of business and is generally effective.
Enabling approach clearly contributes to the achievement of organisation objectives and is fully effective.
Does not exist item under assessment does not exist / is not recognised.

We recommend, however, that this self-assessment be reviewed by the Board or the audit committee as a group so that each area can be fully explored, discussed and challenged so that a sound GRC maturity assessment can be made.

RSM offers a facilitated workshop session to assist you in maximising the outputs from the questionnaire and focusing on areas of development. Please contact Matt Humphrey for more details.

1. The school's core business objectives are clearly defined.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

2. The school’s business plan or strategy, including core objectives, is understood by those involved in the oversight, management and delivery of services.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

3. The school’s performance measures are clearly aligned with the core business objectives and are subject to regular reporting and monitoring.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

4. The risk appetite of the Board has been defined and is understood.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

5. Risk Management training is available and provided to Board, management and staff.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

6. All key activities and/or functions and initiatives are subject to a cyclical or regular risk assessment.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

7.Strategic risks associated with the achievement of core objectives have been identified, are understood and are kept under review by the Board / senior management (subject to full refresh at least annually).

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

8.The school has established an electronic management information system to enable the efficient administration, monitoring and reporting on governance and risk management arrangements. This excludes the use of Microsoft office tools.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

9.Committee decisions are subject to a formal assessment of risk including both opportunity and challenge.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

10.Horizon scanning by the Board is formally undertaken as part of a cyclical exercise. This focusses on opportunities as well as potential challenges and areas of difficulty that are emerging.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

11.There is a Board member and/or senior manager with an overall responsibility for the management of Governance and risk across the school.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

12.There is a fully functional Finance Committee (or equivalent) with appropriate membership. At least one individual has strategic finance skills and experience.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

13.There is a fully functional Audit Committee consisting of appropriate independent membership and experience.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

14.There is a fully functional Internal Audit service or equivalent.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

15.There is a fully effective Renumeration/HR Committee or equivalent that approves all appointments and rewards, as well as ensures adherence with employment legislation and relevant regulations.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

16.There is a clearly defined and visible Board Assurance Framework (BAF) and this is subject to regular review by the Board and its Committees.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

17.There is at least annually a review of governance and risk management arrangements sponsored by and reported to the Board with an improvement plan.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

18.Policies and procedures are up to date, communicated, understood and accepted by all Governors and staff.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

19.The Board is subject to annual (independent) review of effectiveness with improvement plans developed as appropriate.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

20.A register of interests, as well as gifts and hospitality offered and / or received is maintained and monitored.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

21.There is a whistleblowing policy and procedure and this is communicated across the school and subject to monitoring.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

22.There is a complaints process and this is clearly communicated and monitored.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

23.Incidents as well as breaches in procedure and policy are logged, reported and action taken by the school.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

24.A management and staff appraisal process exists and is consistently applied.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

25.A management and staff development and learning programme exists and is consistently applied.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

26.Completion of mandatory training is subject to monitoring with action being taken in areas of non-fulfilment.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

27.The appointment process for staff ensures only appropriate / suitably qualified / experienced and skilled staff are appointed (including appropriate vetting prior to appointment).

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

28.There is an up to date and tested business continuity plan.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist

29.Lessons learned from near misses and errors are communicated, reviewed and improvement required tracked.

Not known
Emerging
Developing
Maturing
Enabling
Does not exist


To discuss the results of your questionnaire, please contact:

Nick Sladden Nick Sladden

Partner, Head of Charities and Independent Schools

Kerry Gallagher Kerry Gallagher

Director, Audit