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Frequently Asked Questions
Does our Risk Management Strategy have to be a separate document? We already have policies and procedures, permission forms, etc.
Yes. The legislation requires organisations to maintain a written risk management strategy, which is reviewed annually. Where appropriate procedures, policies, forms, etc. are already in place, it is recommended they be collated, making it easier to produce a risk management strategy.
Your risk management strategy should be signed-off and dated. Insurance companies, auspicing bodies and funding providers may require organisations to show evidence of legal compliance and risk management. Having your strategy in an accessible format will make it easier for you to audit, review, update and demonstrate compliance.
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Last Updated: October 3, 2007
