Finance Directors Urged to Focus on Risk

30th October 2006

Risk management should be seen as offering charities new opportunities rather than as being a bureaucratic chore. This is the key theme for the Charity Finance Directors' Group's Risk Conference on the 28 November 2006 in London. With an opening session on reputational risk, during the day the event will look at the different relationships organisations have and how they can be seen in a risk context. Where is the charities sector now? Do charities still miss the bigger picture?

"We want charities to have a close look at traditional risk issues like fraud and insurance, but then also look at relationships with their stakeholders in general - and then start to see opportunities arising out of managing any occurring risks proactively", says Keith Hickey, CFDG's CEO, who will chair the day.

Accounting firm PKF's risk expert Richard Weighell says "This year's risk survey, which we carried out in cooperation with CFDG, showed that charities are finding it difficult dealing with some of the risks that they face, many of which ultimately come back to finances. We are very happy to be able to support this risk conference as it will help finance directors by giving them access to practical ways that others are dealing with similar issues."

"Risk management is not just another management rulebook. It is a management approach that needs to be embodied in the governance and management controls of a charity. Risk will vary from charity to charity and could be multiple. This conference will enable Finance Directors from charities of all sizes to listen to some of the key issues that affect them all and should not be missed", says Oliver Boyle of Thomas Miller Investment, a member of the Thomas Miller Group of Companies.

- Ends -


Notes to Editor:

1. Speakers at the event will include Lyndall Stein, Executive Director, Concern Worldwide UK; Vi Jensen, Finance Director, World Association of Girl Guides and Girl Scouts; Neville Brownlee, Charity Commission; Gary Mitchell, Head of Internal Audit, OXFAM; Jane Crumpton Taylor, Head of Resources, Breakthrough Breast Cancer; Ian Bucknell, Director of Finance & Operations, Asthma UK; Richard Lloyd, Director General, Consumers International as well as a number of experts from the corporate side.

2. The Charity Finance Directors' Group was set up in 1987 and is an umbrella group that specialises in helping charities to manage their finance-related functions. Visit www.cfdg.org.uk for further information.

3. The CFDG Risk Conference is an annual event, which last year attracted 150 senior charity decision makers to discuss issues of risk.

4. CFDG's 1150 plus members are responsible for the finances of charities with a wide variety of income levels. Between them our members manage some £11,3 billion in charity income per year.

5. PKF is one of the UK's leading firms of accountants and business advisors. Our UK-wide team comprises multi-disciplinary charity specialists who provide expertise in a wide range of areas. Committed to helping charities excel, we offer our clients in-depth sector knowledge and practical solutions, which help them achieve their goals.

6. The Thomas Miller Group, including both its charity consulting subsidiary Ark Risk Consulting and Thomas Miller Investment, delivers specialist risk management services to the voluntary sector. The Group offers advice, education and solutions to a wide range of charity clients, in matters related to management best practice, insurance and investments.

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