RISK - the threat or probability that an action or event, will adversely or beneficially affect the horse industry’s ability to achieve its objectives

 This area is under development.  Its aim is to identify and provide mitigating or contingency actions to the UK's horse industry key risks.  Examples include: climate change, welfare, disease and legislative changes.  If you would like to contribute to the risk register please contact the Editor.

 

 

The Benefits of Risk Management

 

Ü Fewer shocks and unwelcome surprises

Ü Reassures stakeholders and governing bodies

Ü Enables quick assessment and grasp of new opportunities

Ü Supports strategic and business planning

Ü Enhances communication between governing bodies, industry sectors and stakeholders

Ü Supports the effective use of resources

Ü Promotes continuous improvement

Ü Helps to focus an audit programme

Ü Ensures robust contingency planning

Ü Improves ability to meet objectives and achieve opportunities.