2017 Annual Report

In the 2017 academic year, management continued to embed risk management into
the operations of the University. To this end, management continued to manage the risks foreseen to disrupt the realisation of the University’s strategic goals and threaten its sustainability. The Risk Management Committee is chaired by the Vice Chancellor and Principal, and its duties are to oversee the planning, budgeting and implementation of risk mitigation strategies for the University. In addition, this committee updates the risk register as new and emerging risks are identified and reported. The risk register is also reviewed and updated annually during preparation of the Annual Performance Plan to ensure that risks that could hamper the University in achieving its strategic goals are mitigated. Furthermore, the risk register, once reviewed and considered by the Risk Management Committee
and the Executive Management Committee, is submitted to Council’s Audit Committee.
Most of the risks in the register were successfully mitigated in 2017 and did not materialise. A summary of the 2017 Risk Register and the University’s mitigation plans to those risks is provided below.