Effective from November 2022

Approved by: Chief Executive Officer

At a Glance

Five Good Friends recognises that risk is present in all business activities. Effective risk management will maximise safety, improve Member outcomes, increase stakeholder value, confidence and trust and assist in the achievement of strategic objectives.

Effective management of risk requires:

• organisational commitment across all levels and work units (or departments),
• robust assessment and mitigation (including an active register),
• a culture that is proactive and values transparency around the identification, reporting, addressing and communication of risks and opportunities,
• clarity about appetite for various risks.

As an organisation committed to the provision of person-centred care, that endeavours to always focus on the customer and their outcomes, we support dignity of risk. This means we respect our Members’ rights to live the life they choose, even if those choices involve risk.

All workers have a responsibility to proactively identify, report, manage, and communicate risks and improvement opportunities in a timely effective manner. We as an organisation enable reporting and communication of risk and make this process safe and easy for our people.

This approach helps Five Good Friends to provide, as far as reasonably practicable, a safe workplace for workers, and to minimise risk to Members and the organisation.

Scope

This policy applies to all Five Good Friends workers (employees, Helpers and contractors).

Objective

The objective of this policy is to ensure, so far is reasonably practicable, the minimisation of risk in Five Good Friends (FGF) activities.

Principles