Policy on Risk Management

We are deeply appreciative of the comments submitted regarding the revision of Policy  P.143.GOV Risk Management and are happy to report that the consultation is closed. 

With the feedback received from our consultations, a revised draft will be shared with the Ad Hoc Policy Committee for initial approval on April 4, 2024 and subsequently with the Board on April 25, 2024, for final approval.

If you have questions regarding this policy or any other, please reach out to [email protected].

Risk Management is consistently integrated into system-level decisions made across the OCDSB in compliance with the International Standards Organization (ISO) 31000. There is a need to ensure that all processes involved in Risk Management are followed by every decision maker in a unified way, to create a culture of Risk Management, and to clarify the Board’s principles that will guide implementation.

The District aims to minimize the risk exposure, reduce uncertainty, and maximize opportunities for staff and students. This will eventually improve the overall governance and decision making and enhance our ability to achieve the strategic objectives of the 2023-2027 Strategic Plan through a reduction of business interruptions and an enhancement of business continuity.

To achieve these objectives the District is proposing a Risk Management policy that aligns with the Strategic Enterprise Risk Management (SERM) Framework for Ontario School Boards. The policy will be presented to the Ad Hoc Committee on 07 December 2023. You can review the report and the draft policy on the District’s website.

We value your input and encourage you to provide your feedback by emailing [email protected] by January 05, 2024. The revised policy integrating the feedback from our community will be presented to the Ad Hoc Committee for approval before it proceeds to the Board of Trustees for final approval in February 2024.

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