Risk Management
Risk Management Committee
The Risk Management Committee was formed by a decision of the College's Chief Executive in 2019. It is a permanent committee within the Office of Strategy, Institutional Research and Quality Measurement. For administrative purposes, the committee reports to the Office of the Chief Executive, in application of the principles of transparency, compliance with laws, and global standards and best practices in this field.
The committee is concerned with developing a comprehensive, model risk management framework for the College and overseeing the implementation of institutional risk management tasks and activities, through hedging and reducing the likelihood of variance and uncertainty in achieving objectives and in the best performance of the tasks and processes of the various organisational units. It also ensures the sound application and activation of institution-wide safety procedures, and that each organisational unit carries out its responsibilities and obligations regarding the identification, analysis, evaluation and management of the risks faced by the College, including those that appear at first glance to be unlikely or remote.
The committee also works to strengthen risk management awareness and culture across the College's organisational units and job levels, to support senior management in overcoming challenges, and to develop policies, systems and internal controls in line with global standards and practices.
Strategic Objectives of the Risk Management Committee:
Develop risk confrontation strategies
Disseminate a risk management culture within the College community