Integrated Governance, Risk Management and Compliance

Every school, regardless of size must have an auditable risk management process.

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The benefits of implementing good risk management processes are clear. In its publication 'Worth the Risk' (2001), The Audit Commission summarised the following range of benefits:

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• increased focus on what needs to be done (and not done) to meet objectives

• more satisfied stakeholders

• better management of change programmes

• more calculated/innovative risk taking

• fewer complaints

• better controlled insurance costs

• improved quality of learning environment

• better ability to justify actions taken

• delivery of Best Value

• getting things right first time more often i.e. less waste.

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More specifically, effective risk management at schools will reduce:

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• disruption of children's education

• damage to a school's reputation

• the negative effect of incidents on staff and pupils' morale

• time lost in reacting to incidents, handling claims etc.

• the stress and anxiety that always accompanies accidents and losses

• the cost of insurance cover as premiums reflect claims history