Managing risk in a social business
Ospreys

Every social business should have a process that provides it with a systematic view of the risks it faces over the course of its activities.

As part of this process, establish all relevant risk registers to identify the risks that the organisation faces, grading them in terms of likelihood of occurrence and seriousness of impact. Then, create plans for managing each risk. 

Below, we look at ways to mitigate risk in a social business using the Wales Co-operative Centre as a case study.

The purpose of a risk register 

The purpose of having a risk register is to ensure levels of risk and uncertainty are properly managed so that the organisation can achieve its objectives. 

Below are outlines of the process by which the Wales Co-operative Centre’s risk registers are established, maintained and reviewed. 

Download our sample procedure and methodology to help you assess the risks to your social business:

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