Managing risk

Financial oversight

Internal controls: The management committee/board should maintain and regularily review the organisation's system of internal controls, performance reportin

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Managing risk

The management committee/board should understand and regularly review the risks to which the organisation is subject and take action to manage the risks identified.

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Compliance

The management committee/board must ensure that the organisation understands and complies with its own governing document, relevant laws, contractual obligations and the requirements of any regulatory bodies.

(Supporting principle to Principle 2 of The Code of Good Governance)

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