Enterprise Risk Management
The University acknowledges the significance of taking a proactive approach to risk management in order to support the achievement of its strategic objectives and adherence to good governance requirements. The University is dedicated to ensuring that risk management is viewed as everyone's responsibility, integrated into daily business activities, and influences the strategic and operational planning and performance cycle.
Enterprise Risk Management (ERM) provides a comprehensive framework for making risk-based decisions that support our strategic goals. Currently, our focus is on education, research, internationalisation, and supporting our broader community in the Midwest region. As we develop and revise our Strategic Plan, these goals may change, and our emphasis on different risks may change as well. ERM enables us to better manage uncertainty and associated risks and opportunities. Specifically, it guides the University to address risks comprehensively and coherently instead of trying to manage them individually or in isolation.
Risk Management Framework
The UL Risk Management Framework consists of the following:
- Enterprise Risk Management Policy
- Enterprise Risk Appetite Statement
- Enterprise Risk Procedures Handbook
All of which can be found on the UL Policy Hub