DFID Management Board
In working towards the delivery of the Public Service Agreement the Management Board will aim to:
- communicate the vision, role, direction and priorities of DFID to staff and other stakeholders;
- ensure DFID's financial resources and staff are allocated and managed effectively;
- monitor and improve DFID's performance;
- protect and enhance DFID’s reputation as a highly effective international development organisation.
Meeting on 4 September 2006
Topic |
Attending |
Purpose |
MB Obj |
Papers |
Special session on risk management |
Richard Clvert |
To agree an improved approach to risk management at corporate level |
B, C & D |
Closed session - Papers not available |
Attendees Regrets |
Suma Chakrabarti (Chair), Mark Lowcock, Minouche Shafik, Bill Griffith (Non-Executive Director), Sue Owen Helen Ghosh (Non-Executive Director) |
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Defining the Role of the Board
The Board agreed that:
- it would continue its leadership role in promoting good risk management throughout DFID, and providing direction on appropriate levels of risk tolerance;
- in addition to this leadership role, the Board would take responsibility for actively managing a small number of top risks to the Department;
- the Board would be held collectively accountable for managing these risks, although there would be a lead DG appointed for each;
- the Board would also ensure that a system is in operation for identifying new risks and removing risks that no longer affect DFID.
Format and Content of the Risk Register
The Board agreed that:
- there will be a new format for the risk register, with a single page for each risk. The format will include clearer descriptions of the impact of each risk and measurable targets setting out what DFID aims to achieve through mitigating actions;
- risks which are outside DFID control will still be included, but the focus will be on reducing the impact on DFID business (e.g. rather than trying to mitigate the risk of Global Economic downturn, DFID will focus on ensuring we are prepared to respond to this risk);
- the Board will focus on five or six top risks in four categories: (i) risks to the global environment for development; (ii) risks to the domestic environment for development; (iii) risks to our organisational reputation for effectiveness and efficiency; (iv) risks to the effectiveness of our partners.
