Risk Management

South Yorkshire Pensions Authority recognises that Risk Management is an important element of effective corporate governance. The Authority is therefore committed to:

 

  • • Developing and maintaining a systematic approach for the identification, evaluation and cost effective control of risks that threaten the achievement of the Authority’s corporate objectives;

    • Ensuring that effective risk management is embedded in its business processes.



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Objectives

 

The objectives of this policy are to:

 

• ensure that risks to the achievement of the corporate objectives of the Authority are eliminated or reduced to an acceptable level; safeguard the reputation of the Authority;

• raise awareness of, and integrate risk management into the culture of the Organisation;

• manage risk in accordance with best practice by identifying roles and responsibilities;

• prevent injury and damage and reduce the cost of risk;

• protect the Authority’s assets; and

• maintain effective stewardship of the Authority’s funds and demonstrate good corporate governance.