Church told to practice good risk management

Following a large financial shortfall left after last year’s Lambeth Conference of bishops, a review was commissioned into the financial management of the Conference. The report published last week found control was insufficiently robust given the risks involved in such a major event.

The report includes the commandment:

overall governance arrangements need to ensure that challenges can be identified, options offered for their resolution, and solutions agreed by the appropriate parties and then implemented in a timely manner.