Territory Stories

9.1 The Board’s Strategic Directions 2016-2020 May 2016

Details:

Title

9.1 The Board’s Strategic Directions 2016-2020 May 2016

Other title

Tabled paper 1883

Collection

Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT

Date

2016-06-23

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

PowerWater

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C01846

Parent handle

https://hdl.handle.net/10070/269368

Citation address

https://hdl.handle.net/10070/436012

Page content

Significant to the Board is the number of items that ~]~^Q Board acknowledges that cluster in the 'Very High' corner in the 'likelihood and , i ^ , . , " , . consequence' a^a of^e^'atrix"Notabi^thisvrisk"u the Corporation's CUFrent risk profile is after risks have been mitigated. rating profile WOLlld normally Further risk profile investigation may reveal that be Unacceptable in awell-run the risk assessments have some classification flaws ^.^i.^^^--,^;, and the underlying issues may not be as significant as reported. Such a collective profile would normally be unacceptable in a well-run corporation. As the current risk rating suggests, the number of very high risks indicates that one or more risks are likely to materialise in the near future, unless further mitigating action is taken. The Board considers that the risk rating profile and the low maturity level of the risk framework are calls to action for transformational change. THE BOARD'S STRATEGIC DIRECTIONS 2016-2020 17


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