3.01.12 – Risk Management
Board members must be mindful of risks and consider the potential consequences of decisions and actions. The Board is responsible for ensuring that adequate provisions are in place to protect the organization, board, staff and volunteers from potential liabilities.
The Board will ensure that:
Governance practices are consistent with the organization’s bylaws
There is compliance with legislative, statutory and regulatory requirements
Resources are sufficient to minimize risk to employees, volunteers and Park users
Policies are respected in actual practice
Current effective insurance coverage, in place
The Board will ensure that policies and procedures are established:
By the Executive Director in an Administrative and Operating Manual that deals with Operating policies and procedures (ED)
In the recording of meetings and decisions of the Board (Board / ED)
That comply with all statutory reporting requirements of the organization I(Board)
ED to keep Board advised as to claims / potential claims and risks / potential risks.
Bylaws – Article 12.02