09 July 2019
Independent schools are facing a time of significant financial challenge. Ensure that your school is looking at the right governance issues and take our quick self-assessment to see what you need to be focusing on.
Whether you are driven by the desire to obtain more value from your Governors meetings or improve your existing risk management then you should make sure you undertake a review of your strategic risks.
Within an independent school the responsibility for managing risk rests with the Board of Governors. Should a risk materialise such as breakdown in safeguarding or financial mismanagement, there is no doubt that questions will be raised regarding the
governance and risk management processes. The responsibility of the Governors is to seek assurance that all principal risks are managed effectively.
Insight 4GRC is RSM’s proprietary cost effective and powerful suite of governance, risk and compliance software products that can provide your school with the tools needed to monitor and control performance, assess organisational risks and effectiveness of controls, track assigned actions, enable employee awareness and facilitate policy acceptance.
In order for your school to operate effectively you need to start with the right skills on your Board. When did you last undertake a skills audit of the Board? Do you have the right people to meet the school’s current and future challenges? How effective is the Board in meeting its objectives?
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.