Embracing Opportunity & Harnessing Risk category
This award is for a board that has championed the charity to find or respond to a good opportunity and exploit it for the benefit of the community that the organisation exists to serve. This could mean working in new ways and markets, partnering with organisations to achieve a new direction, raising funds in a very different way or adopting a new financial model. The judges are looking for examples of considered risk-taking that has led the charity to be able to perhaps deliver more, meet the needs of more beneficiaries, raise its profile or grow its income.
What the judges are looking for
The judges are looking for examples of initiatives that help the charity meet its charitable objectives and where they have delivered long-term benefit and change.
There have been recent high-profile examples of the negative side of risk-taking for charities. This award seeks to demonstrate that risk, when well managed and in keeping with a charity’s values, can deliver benefit to the charity’s strategic direction, and, ultimately, its beneficiaries.
The entry must focus on the work of the main board, but if any sub-committees or other governance groups outside the main board made a contribution, you are welcome to tell us about that in your response.
Inspiration for your entry
You can read about the 2016 shortlisted entries and the judges’ reflections in our e-book and you can listen to podcasts from the six winning charities talking about governance in their organisation and their award win.