University of Ãå±±ÂÖ¼éRisk Appetite
The following risk tolerances were adopted January 23, 2014 and modified October 4, 2023 by the Audit, Risk and Compliance Committee to provide a framework for the amount and type of risk the University is willing to take in order to meet its strategic objectives.
- High tolerance for risks in the pursuit of innovative and breakthrough research, scholarship and public engagement.
- High tolerance for strategic risk-taking that enhances instructional quality or student experience.
- High tolerance for strategic risk-taking that promotes productivity, creativity and reputation.
- Moderate risk tolerance for rewarded financial risk.
- Low tolerance for risks arising from inappropriate discharge of fiduciary responsibilities.
- Low tolerance for risks that undermine the actual safety, or the perception of safety, of our students, faculty, staff or visitors.
- Low tolerance for intentional non-compliance with laws or regulations.
- Very Low tolerance for risks arising from inappropriate or unauthorized release or use of sensitive data, including financial, research, student or intellectual property data.
- High tolerance for risk which contributes to public policy discussions with government, or which supports equitable access to higher education.
- High tolerance for risks related to activities that improve university academic and research success and will be viewed as national best practices.
- Very high tolerance for risk in pursuing and generating new revenue streams.
- Moderate tolerance for proactice integration and advancement of inclusive excellence, with identified accountability measures.