| AIM
The Risk Management
Committee is to develop, implement, review and maintain a strategic
framework necessary to implement an organisation wide approach to
risk management.
OBJECTIVES
In accordance
with Australian/New Zealand Standard 4360, the Risk Management Committee's
specific objectives are to develop, implement, review and maintain:
1. a Risk Management
Policy
2. a Risk Management
Strategy incorporating:
- communication;
- risk management
process;
- legislative
context; and
- review
3. a program
to evaluate Departmental performance on risk management
ROLES AND RESPONSIBILITIES
The roles and
responsibilities of the Risk Management Committee are to:
1. provide strategic
direction, advice and guidance to management on risk management.
2. ensure management
accountability for implementation of the Risk Management Process
resulting in the development of Risk Management Plans.
3. report to
the Board on the acceptance and implementation of the strategy.
4. facilitate
relationships with key risk managers and stakeholders, including:
- The Board;
- Program Managers;
- Audit Committee;
and
- External
consultants, contractors and other third parties as appropriate
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