NEMAT Risk Management Policy
This policy sets out the framework for risk management in the Trust, which allows for ease of understanding and regular review. Risk management is the process by which risks are identified, the severity assessed, and actions are taken to mitigate and bring them down to acceptable levels.
The process of identifying risks and the introduction of internal controls to help mitigate such risks helps to improve the Trust’s ability to respond quickly and effectively to opportunities and threats. It is an effective tool for strategic and business planning, is a key element of the Trust’s governance framework and is central to the achievement of the Trust’s objectives.