scholarly journals Board Competencies, Network Ties And Risk Management Disclosure Practices In Non-Profit Organizations

2016 ◽  
Vol 32 (5) ◽  
pp. 1319
Author(s):  
Roshayani Arshad ◽  
Noorbijan Abu Bakar ◽  
Faizah Othman
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Good Governance ◽  
Annual Reports ◽  
Management Decision ◽  
Board Members ◽  
Network Ties ◽  
Non Profit ◽  
Board Competencies ◽  
Non Profit Organizations

In the current challenging economic environment, non-profit organizations (NPOs) are exposed to an array of risks and some of these risks are unique due to the characteristics of the organizations.  Understanding and managing these risks are crucial in ensuring sustainability of the NPOs and the responsibility lies with the board. However, risks management and disclosure of risks in NPOs is less well developed relative to for profit organizations and this may affect boards’ role in enhancing risk management practices of these organizations. As such, this study aims to examine the relationships between certain board characteristics: board competencies, network ties and risk management disclosure practices in NPOs. Information on these variables are obtained from content analysis of annual reports and Financial Information Forms of 219 NPOs registered with Companies Commission of Malaysia for the financial period 2011. Results of this study reveal that the overall extent of risk management disclosure practices is at a moderate level. In addition, only board competencies are significantly positively related to the extent of risk management disclosure practices while network ties are not. This infers that some board members acknowledge the importance of being engaged in risk management decision. However, lack of specific guide on risk management in NPOs may reduce the motivation of some board members to do so. The guidelines and relevant trainings to board members provided by relevant authorities may increase the understanding of key risks and management of these risks as part of good governance in NPOs.

scholarly journals Key Mechanisms of Risk Management in South Africa’s National Government Departments: The Public Sector Risk Management Framework and the King III Benchmark

2016 ◽  
Vol 14 (2-3) ◽  
Author(s):  
Tankiso Moloi
Keyword(s):  
Risk Management ◽  
Management Practices ◽  
Data Extraction ◽  
Risk Process ◽  
National Government ◽  
Annual Reports ◽  
Risk Governance ◽  
Risk Disclosure ◽  
Poor Risk ◽  
Management Disclosures

Government provides essential services to the population and therefore, uncertainties that could hinder government’s objectives should be identified, mitigated/controlled and monitored. Using the content analysis for data extraction in the annual reports of national government departments (NGDs), this paper explored risk management practices in South Africa’s public service, with national government departments as a case in point. The findings are that in general, there are poor risk management practices in the NGDs as the majority of the observed categories were not disclosed in the NGDs annual reports.Since risk deals with the uncertainties on the objectives, it is concerning that NGDs have poor risk management practices, particularly because they are enablers (implementers) of government overarching strategy. As enablers of government strategy, it is recommended that NGDs view risk management as a process that enables them to identify threats which could hinder the attainment of their objectives, whilst also leveraging opportunities that may arise. It is further recommended that the risk process is viewed as a scenario or option analysis exercise that allows NGDs to properly plan, understand the intended outcomes and prepare responses to deal with any uncertainties. A summarised and harmonized risk governance requirement used for the purpose of exploring risk management disclosures has been suggested by this study and it could be used as a reference point of risk disclosure improvement by NGDs.

scholarly journals Biobanking and risk assessment: a comprehensive typology of risks for an adaptive risk governance

2021 ◽  
Vol 17 (1) ◽  
Author(s):  
Kaya Akyüz ◽  
Gauthier Chassang ◽  
Melanie Goisauf ◽  
Łukasz Kozera ◽  
Signe Mezinska ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Management Practices ◽  
Good Governance ◽  
Daily Practice ◽  
Risk Governance ◽  
Institutional Research ◽  
Conceptual Approach ◽  
Related Data ◽  
Institutional Actors

AbstractBiobanks act as the custodians for the access to and  responsible use of human biological samples and related data that have been generously donated by individuals to serve the public interest and scientific advances in the health research realm. Risk assessment has become a daily practice for biobanks and has been discussed from different perspectives. This paper aims to provide a literature review on risk assessment in order to put together a comprehensive typology of diverse risks biobanks could potentially face. Methodologically set as a typology, the conceptual approach used in this paper is based on the interdisciplinary analysis of scientific literature, the relevant ethical and legal instruments and practices in biobanking to identify how risks are assessed, considered and mitigated. Through an interdisciplinary mapping exercise, we have produced a typology of potential risks in biobanking, taking into consideration the perspectives of different stakeholders, such as institutional actors and publics, including participants and representative organizations. With this approach, we have identified the following risk types: economic, infrastructural, institutional, research community risks and participant’s risks. The paper concludes by highlighting the necessity of an adaptive risk governance as an integral part of good governance in biobanking. In this regard, it contributes to sustainability in biobanking by assisting in the design of relevant risk management practices, where they are not already in place or require an update. The typology is intended to be useful from the early stages of establishing such a complex and multileveled biomedical infrastructure as well as to provide a catalogue of risks for improving the risk management practices already in place.

scholarly journals Governance of risks in South Africa’s public higher education institutions (HEIs)

2016 ◽  
Vol 13 (2) ◽  
pp. 226-234 ◽  
Author(s):  
Tankiso Moloi
Keyword(s):  
Higher Education ◽  
South Africa ◽  
Risk Management ◽  
Management Practices ◽  
Higher Education Institutions ◽  
Relevant Literature ◽  
Strategic Decision ◽  
Annual Reports ◽  
Risk Governance ◽  
Risk Disclosure

The author examines the manner in which risk is governed within higher education institutions (HEIs) in South Africa by formulating risk governance statements based on the requirements of the King III Report on Corporate Governance and other relevant literature. The formulated risk governance statements are used to develop the risk disclosure measurement index. Disclosure measurement method is accepted as a flexible method to use when extracting the pre-determined information in the annual reports. The developed risk disclosure index is used to extract the information from South Africa’s higher education institutions’ annual reports. The information disclosed in these annual reports is deemed a proxy of risk management practices within the higher education institution concerned. The results obtained indicate that South Africa’s higher education institutions have not embraced risk management as a key process in their activities. This is apparent in the assessed annual reports as compliance with the pre-determined set of statements was around 50%. For those that have not demonstrated these practices, it is stated that the concern is around the manner in which their highest decision makers make decisions, as it appears that risks may not necessarily be taken into account. As higher education institutions in South Africa continues to face challenges and they would possible be revising their strategies to take into account the recent events, every strategic decision being undertaken should be accompanied by a proper risk assessment to identify potential pitfalls (threats) and/or take advantage to achieve results promptly (opportunities)

scholarly journals Risk Management in Waqf Institutions: A Preliminary Study

2019 ◽  
pp. 207-219
Author(s):  
Mohammad Mahyuddin Khalid ◽  
Mohd Ashrof Zaki Yaakob ◽  
Azri Bhari ◽  
Mohd Faiz Mohamed Yusof
Keyword(s):  
Risk Management ◽  
Best Practices ◽  
Management Practices ◽  
Good Governance ◽  
Capital Expenditure ◽  
Management Practice ◽  
Social Environments ◽  
Modern Management ◽  
Management Function ◽  
Preliminary Study

Modern management practice has put greater emphasize on the principles of accountability and transparency. Along with the revival of Islamic institutions, there are call by the stakeholder for management of waqf institutions to adopt modern management practice to improve their efficiency in managing waqf asset. As part of good governance and best practices of waqf institutions, management of risk is fundamental to the proper functioning of any institution including waqf to ensure the accountability of mutawalli (waqf manager) and transparency of the management. Studies on risk management practices on Islamic institution indicate that risk come across in many different ways; financial, personnel, program and capital expenditure decisions due to interactions with economic, political and social environments. However, the dissimilarity of management practices of waqf asset could be due to the absence of risk management function for waqf institutions. This paper aims at exploring the major themes that constitute the basis of the discussion on accountability in waqf institutions. In doing this, the theoretical underpinnings and the existing research relating to waqf investment and its risk management practice are examined.

Professionalism in Management and Performance in Sports Organizations

2017 ◽  
Vol 46 (4) ◽  
pp. 87-99
Author(s):  
Joanna Schmidt
Keyword(s):  
Representative Sample ◽  
Management Model ◽  
Financial Resources ◽  
Board Members ◽  
Non Profit ◽  
Sports Organizations ◽  
General Terms ◽  
Professional Management ◽  
Non Profit Organizations ◽  
And Performance

The aim of this article is to present and analyse the importance of professional management in sports organizations in the context of the results achieved by these organizations. The research presented in this article was based on Fribourg Management Model for Non‑Profit Organizations. The research was conducted among a randomly selected, representative sample of Polish sports organizations, from October to December 2015. A total of 381 organizations were surveyed. The results show that the key role in the results achieved by sports organizations in Poland is played primarily by the resources acquired, especially by the involved board members, the sponsors and the ability to raise financial resources. Professionalization of management is also important for the results achieved by the organization, both in general terms and when looking closer at its individual aspects.

scholarly journals The Sarbanes-Oxley Act And German Non-Profit Organizations: An Empirical Investigation

2012 ◽  
Vol 10 (7) ◽  
pp. 419
Author(s):  
Thomas Wilhelm Hasenpflug
Keyword(s):  
Decision Makers ◽  
Board Members ◽  
Chi Square ◽  
Non Profit ◽  
For Profit ◽  
International Scope ◽  
Stakeholder Groups ◽  
Sarbanes Oxley ◽  
Corporate Governance Mechanisms ◽  
Non Profit Organizations

Drawing on a survey of German non-profit organizations, this paper explores the state of implementation of corporate governance mechanisms by focusing on the organizations profiles. Subject of the research are those mechanisms as developed in the 2002 Sarbanes-Oxley Act for the for-profit sector which have since also been implemented for non-profit sector organizations. In applying chi-square tests, the association between the existence of these practices and a range of organizational characteristics was reviewed and the most influential characteristics were identified. This association of characteristics and practices explains a potential compliance of an organization. Such knowledge can be applied by a number of stakeholder groups, such as organizational decision-makers, legislators and sponsors. The identified characteristics, in order of importance, were annual revenue, age of the organization, existence of an international branch structure, organizations board members being active in the private sector, and organizations having an international scope of activities.

scholarly journals Board Composition And Accountability Of Non-Profit Organizations

2013 ◽  
Vol 29 (4) ◽  
pp. 1021 ◽  
Author(s):  
Roshayani Arshad ◽  
Noorbijan Abu Bakar ◽  
Nuraadhiah Yusoff Thani ◽  
Normah Omar
Keyword(s):  
Content Analysis ◽  
Best Practices ◽  
Annual Reports ◽  
Board Members ◽  
Board Composition ◽  
Non Profit ◽  
For Profit ◽  
Comprehensive Information ◽  
Efficient Resource ◽  
Main Components

Non-profitorganizations (NPOs) are generally subjected to less stringent regulatory requirementsthan for-profit organizations. As such, NPOs are generally reluctant to sharemore comprehensive information with the various stakeholders and may notrecognize the need for accountability. The purpose of this study is to examinethe influence of board composition on the level of accountability for NPOs inMalaysia. Board composition and the level of accountability are obtained fromthe content analysis of annual reports of 234 societies registered withRegistrar of Societies in Malaysia for the financial period 2010. The level ofaccountability (ADI) examined is based on two main components, transparency andcompliance while board composition examined in this study consists of boardsize, board professionalism and board members with political connections.Results of this study provide evidence that the overall level of accountabilityis low. This infers that more comprehensive regulatoryrequirements or at the very least, the existence of best practices with regardsto accountability can be a useful mechanism in enhancing the accountability ofNPOs. In addition, theresults also highlight that an optimum mix of board members mattersin ensuring efficient resource strategy and consequently enhance the level ofaccountability in NPOs. Overall,the findings in this study provide useful information to regulators in theircontinuous efforts to improve accountability in the non-profit sector. This inturn can enhance the credibility and sustainability of the NPOs.

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