Risk Management - More than just Risk Assessment

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In an article in the December edition of the ACC Docket, entitled “Disciplined and Practical Risk Management”, Jim Jackson, General Counsel of Medair, discussed risk management in the non-profit arena, focusing on his experiences on this issue during his tenure at Medair. Medair is an entity which “brings life-saving relief and rehabilitation in disasters, conflict arenas and other crisis by working alongside the most vulnerable in Africa, Asia and other areas with extraordinary need.” This relief and rehabilitation includes the areas of “health, nutrition, water, sanitation, hygiene and shelter.” After becoming involved with the non-profit in 2010, he instituted a risk management system which included a risk assessment program and linking of this risk assessment “into what we do and to manage that effectively.” His approach is one that can be used for any risk portfolio which a company may carry, including an anti-corruption risk based upon the Foreign Corrupt Practices Act (FCPA).

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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