Risk Management Framework
The Exor Risk Management framework has been developed to help the public sector manage the risk of procuring goods and services. The framework comprises of a set of comprehensive risk management standards aimed at the Public Sector and covers public body spend from suppliers through to contractors and consultants.
What is covered?
Exor’s framework comprises of a set of standards that fit across a range of businesses from a Sole Trader to a Limited Charity to a Multinational Plc. All are assessed in a process that is transparent, administratively simple and rigorous but not onerous. The accreditation standards cover the following areas:
- Financial Stability and Viability of business
- Corporate Governance
- Director history
- Experience of business
- Insurances & Registrations
- Health and Safety
- Equal Opportunities
- Environmental Management
- Work In Occupied Dwellings
To what extent a business is required to undergo an assessment in all of these areas will largely depend on the level of spend and the category of work a business wishes to apply for.
How is it covered?
The overall performance and operation of the Risk & Compliance Team is governed by a Professional Guidance Note (PGN) which outlines the overall aims of the risk management process and other non-technical issues including file handling, call handling and customer service.
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