Charities should be less risk-averse, and embrace risk for its potential to create new opportunities, according to Charity Bank’s Simon Thorrington.

Thorrington said charities needed to learn not to fear risk and that by engaging with the process of identifying and managing potential issues, they could sometimes turn risks into opportunities to better deliver their mission. “In my experience when things do go wrong, it’s usually because of poor governance and a head-in-the-sand approach that makes difficult issues even more likely to arise,” he said.

Thorrington’s comments come on the eve of a new series of risk management seminars to be run between 27 September and 15 November this year. The seminars will be jointly run by Charity Bank and Thomas Miller Investment.

Further information can be found at www.charitybank.org