Balancing Risk
Triodos Bank and Sayer Vincent launch guide for trustees and managers
The future is unpredictable – perhaps more so now than ever before. But a new guide maintains that trustees and managers can take steps to reduce the risk of making poor decisions, whatever the wider conditions, if they take a structured approach. ‘Balancing Risk’ has been produced by charity banking specialists, Triodos, and consultants and auditors, Sayer Vincent. From capitalising on exciting new opportunities such as a new income-generating venture, to avoiding damaging financial mistakes, the guide is designed to make important decisions easier.
“We make decisions about risk every day,” says Sue Cooper, Deputy Head of Business Banking at Triodos and a co-author of the guide, “from the more mundane to key decisions that affect our financial future. This publication aims to help people who work in charities and social enterprises to navigate their way through the choppy waters of risk, so they can make better decisions.”
The guide provides plenty of worked examples and is based on real-life case studies. It illustrates that taking risks is the right thing for charities and social enterprises, but with understanding and awareness. “Organisations need to gather enough information and think through the implications of their proposals. If a good business case is put together then decision-makers can make important decisions with confidence,” said co-author and partner of Sayer Vincent, Kate Sayer. “This guide will give you practical tools to help you put together a good case for a decision.”
Click here to download the free guide.
23 June 2008
Notes for Editors:
To arrange interviews with Sue Cooper at Triodos Bank or to source high-resolution professional photography please call James Niven on 0117 980 9721 / 07887 641 960 or Will Ferguson on 0117 980 9770, or email james.niven@triodos.co.uk
Triodos Bank only finances enterprises creating social, environmental or cultural added value - ranging from large ethical enterprises to smaller, innovative organisations meeting local needs. Key sectors include organic food and farming, renewable energy, social housing and fair trade. Transparency is a core value: customers are informed about the bank’s lending and can target their savings to particular areas of investment. A range of personal savings accounts is offered and full banking services are available for businesses and charities.
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