Rise Above Uncertainty: Advancing Risk Management at Independent Schools
October 2017
Why Read This
In this era of growing uncertainty, independent school leaders see the value of proactively managing risk, yet they often struggle to do so. To address this challenge, United Educators (UE) and the National Association of Independent Schools (NAIS) initiated a year-long project to assess the state of risk management in independent schools and to provide insight to the industry as a whole.
To chart a path forward, UE and NAIS identified common practices in risk management that will help your school succeed.
Key Takeaways
- Risk management is more than simply trying to minimize accidental losses; effective risk management enables your institution to achieve its strategic goals.
- Among survey respondents, there was an overwhelming consensus as to the importance of risk management: 91% agreed that risk management is a priority at their school.
- Most respondents agreed that their school’s decision-making culture includes awareness of the school’s risk tolerance (79%); that their school’s leaders understand the school’s risk tolerance (71%); and that senior staff consider risk-related strategies when responding to risks to mission (61%).