The British Council creates international opportunities for the people of the UK and other countries and builds trust between them worldwide. We are committed to managing risk and embedding risk management into all of our work.
The Board of Trustees has overall responsibility for the British Council’s management of risk. The board approves the British Council’s Statement of Risk Appetite and reviews the effectiveness of its risk and control processes.
The British Council is committed to:
• identifying and assessing risks to the achievement of the British Council’s objectives and controlling them effectively
• ensuring that its risk management is aligned with the Statement of Risk Appetite approved by the Board of Trustees
• ensuring that decision-making at all levels of the organisation is informed by an assessment of risk
• reporting on its assessment and management of risk in the British Council’s annual reports.
We will provide adequate and appropriate resources to implement this policy and will ensure it is communicated and understood.
The British Council will review this global policy statement annually to reflect new legal and regulatory developments and ensure good practice.
This global policy statement was approved by Sir Ciarán Devane, Chief Executive, in February 2016 and is due for review in February 2017.