Risk management is essential for charities to protect their assets and resources, ensure compliance with regulations and guidelines, minimize operational disruptions, and safeguard their reputation and credibility.
In collaboration with KPMG Singapore and Singapore Institute of Technology (SIT), the Charity Council has developed a supplementary toolkit to complement the 2016 Risk Management Toolkit for charities. The Risk Management Toolkit for Charities and Institutions of a Public Character (IPCs) 2024 (2024 Risk Management Toolkit) is adaptable to suit each charity's needs and shares practical insights and best practices. It specifically examines lessons learned from COVID-19, new and emerging risks, as well as business continuity management.
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