The University is committed to robust risk management practices as an integral part of good management.
The Vice-Chancellor provides a regular risk report to the Senate and the Audit and Risk Committee, which highlights major emerging risks and provides updates on risks from the Strategic Risk Register. The University's Strategic Risk Register was refreshed in 2014 to reflect the new Strategic Plan and was updated again in 2015 to account for faculty plans developed as part of an integrated planning exercise.
The University is further improving its risk management through the development of a risk appetite statement. The draft risk appetite statement was presented to the Audit and Risk Committee in November. The appetite statement will be finalised in 2016 after further refinement and consultation with the Senate.