As I said earlier, I am here today to talk about and risk management It is however impossible to talk about risk management until we fully understand what risk is and the effects risk can have on an institution like Carleton For Example - a project I was involved in was the administration of Hepatitis C Class Action Law Suit. Action involved a decision by the Canadian Blood Agency and the Canadian Red Cross not to test blood the Hepatitis C virus from 1986-90, when a somewhat unreliable test was available The result of this decision was a $1.2 Billion dollar settlement to the class members. The destruction of the Canadian Red Cross’s reputation, and their filing for bankruptcy I am sure every person has their own idea of risk The term risk can be defined simply as a chance of injury, damage or loss However I prefer the definition developed by the Treasury Board in their document : “ An Integrated Risk Management Framework Read of slide Definition
![Presented by Tony Lackey BA,FCIP,RF Finance Department Room 603 Robertson Hall Ext. 1473 [email_address] Risk Management and Insurance](https://image.slidesharecdn.com/w12tonylackeyf09-110928122940-phpapp02/85/W12-tony-lackey-f09-1-320.jpg)
![Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)