Institutional Risk Profile
CATEGORY |
RISK |
BOARD COMMITTEE |
TIME HORIZON |
|---|---|---|---|
| BUSINESS CHALLENGE |
A - Campus Safety |
MF/FO |
ST/O |
|
B - Clinical Partnerships |
MF/FO |
ST/O |
|
|
C - Collaboration w/Externalities & Joint Ventures |
MF/FO |
O |
|
|
D - Decentralization |
MF/FO |
O |
|
|
E - Employee Demographics/Succession Planning |
MF/FO |
O |
|
|
F - Facilities - Maintenance, Scope, & Alignment |
FO |
O |
|
|
G - Faculty Retention |
MF/FO |
O |
|
|
H- Information Technology - Security/Failure/Resilence/Cost |
FO |
O |
|
|
I - Intercollegiate Athletics |
MF/FO |
O |
|
|
J - International Activities |
MF |
ST/O |
|
|
K - Legal & Regulatory Compliance |
MF/FO |
O |
|
|
L - New & Disruptive Educational Models |
MF |
O |
|
|
M - Public Funding Reliability, Economic Climate, & Financial Sustainability |
FO |
O |
|
|
N - Representational Diversity |
MF |
O |
|
|
O - Shifting Enrollment Patterns |
MF |
O |
|
| COMPLIANCE |
P - High Risk Research |
MF |
ST/O |
|
J - International Activitites |
MF |
ST/O |
|
|
K - Legal & Regulatory Compliance |
MF/FO |
O |
|
|
Q - Research or Clinical Misconduct |
MF |
O |
|
| INSTITUTIONAL INTEGRITY |
R - Brand & Reputation Management |
MF |
ST/O |
|
S - Campus Climate & Free Speech |
MF/FO |
ST/O |
|
|
T - Crisis Management |
MF/FO |
ST |
|
|
I - Intercollegiate Athletics |
MF/FO |
ST/O |
|
|
U - Sexual Misconduct - Prevention, Training, & Response |
MF/FO |
ST/O |
Key:
Board Committee: FO - Finance & Operations; MF - Mission Fullfillment
Time Horizon: ST - Short-term; O - Ongoing
Institutional Risk Principles - May 2018
Preamble: By the very nature of its mission, the University pursues many activities that inherently create risk. It is the expectation that the risks associated with these activities will be mitigated in a responsible and accountable manner. The following principles are intended to provide a framework when assessing individual risk management decisions.
1. High tolerance for mitigated risks in the pursuit of innovatiave, breakthrough research, scholarship and public engagement.
2. High tolerance for strategic risk-taking that has potential to enhance instructional quality.
3. High tolerance for strategic risk-taking to promote productivity, creativity and reputation.
4. Moderate risk tolerance for rewarded financial risk.
5. Low tolerance for risks posing potential for damage to the University's brand and/or reputation.
6. Low tolerance for risks arising from inappropriate discharge of fidciary responsibilities.
7. Low tolerance for risks that undermine actual safety, or the perception of safety, on our campuses.
8. Zero tolerance for intentional non-compliance with laws or regulations.