The Ethics Of Risk Management Practices

981 Words Nov 24th, 2015 4 Pages
Risk Management is a practice that guards the organization, clients, staff, volunteers, investments, and property. It helps to identify and acknowledge risks that affect the organization. Risk management practices must be put in place to protect, add value and preserve the integrity and the well-being of the nonprofit organization. Martinez (2003) nonprofit organizations can have the misconception that they operate under some form of charitable immunity and avoid protecting against any risks and harms.
Nonprofit organizations can be involved in scandals and any information can damage the reputation of the agency can have a long-term effect on it. Bell, Bell, & Elkins (2005) defined ethics as a system of moral beliefs that governs the appropriate conduct for an individual or a group. Bell, Bell, & Elkins (2005) indicate that organizations have many individuals with different backgrounds and different sets of an ethical beliefs or standards. Therefore, it is important for an organization to create and implement a set of an ethical value system that leaders, employees, and volunteers can follow. Those values need to be constantly reinforced through training, education, and publications.
Bishop Grady Villas has implemented different risk management techniques in place to safeguard the residents, paid staff, the volunteers and protect the integrity of the organization. Volunteers and paid staff are required to attend various training and background check, as it noted during the…
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