Risk can be described as. " the threat or possibility that an action or event will adversely or beneficially effect an organisation's ability to achieve its objectives".
The Risk Management Policy forms part of the institution's internal control and corporate governance arrangements. The policy explains the university's underlying approach to risk management, documents the roles and responsibilities of the members of Court, the University Leadership Team and other key parties. It also outlines key aspects of the risk management process and identifies the main reporting procedures.
The University has a range of business continuity management processes and procedures in place to ensure that the institution is able to remain resilient and provide continuity of services in the event of a major emergency. These include the Emergency Response Procedures (ERPs), Crisis Response Plans, and contingency plans for for specific risks such as Communicable Diseases, Pandemic Flu and Sudden Death.
The Risk, Resilience and Audit Monitoring Committee which meets twice per academic year and is convened by the University Secretary, ensure that the University complies in all areas of business where relevant codes of good practice in corporate risk management and is operationally resilient when significant risks materialise.
If you would like further information on Risk Management or Business Continutiy please contact:
Governance Officer (Risk & Governance), University Secretary's Office,
Tel: 0131 455 6408