Have you ever had a sudden change in key personnel or experienced a funding cut that seriously affected your First Nation? If yes, then learning about identifying and managing those unplanned events can help minimize the impact of these on your First Nation. This process of identifying and managing risks is called Risk Management and implementing this within your First Nation can help you achieve your objectives and maximize your success.
What risks does my First Nation face and what can we do about it? To help you answer those questions, the First Nation Financial Management Board (FMB) has created a new guidebook: “A Beginner’s Guide to Risk Management” to walk your administration through the process of identifying risks and developing a Risk Management plan.
We also offer a webinar on Risk Management to provide you with a step-by-step approach to understanding and implementing an effective Risk Management process within your First Nation’s administration.
Please visit www.tulo.ca/webinars to view the webinar.
The FMB is a non-profit institution that supports First Nations to meet their financial management requirements, and in the development, implementation and improvement of financial relationships with financial institutions, business partners and other governments.
Specific capacity development services include financial administration law development, financial management system (FMS) and financial performance certification and local revenue account reporting.
Please contact the FMB at 1 877 925 6665 for further information on how you can turn risks into opportunities and achieve your First Nation’s objectives for prosperity, visit our website at www.fnfmb.com for further information.