The University is committed to a strong, integrity-driven approach to the issue of risk, and transparent risk management practices. The Senate, Audit and Risk Committee and the Vice-Chancellor oversee the University’s risk management framework, which includes policies, procedures and a risk appetite guidance statement. The University’s risk profile informs the annual internal audit plan.
During 2019, a revised strategic risk profile was completed to support the Strategic Plan 2020-2025. In addition, regulatory compliance practices were enhanced and risk workshops were conducted across business units to assess key operational risks. Highlights, trends and issues were reported to the Senate and Audit and Risk Committee throughout the year.
In late 2019 the University became aware of the Novel Coronavirus (COVID-19). In response, the University initiated its Critical Incident Management Team (CIMT). Work to response to COVID-19 will continue well into 2020.