The Institute compiles a risk register for this purpose, and this is reviewed regularly by the following bodies:
- The Trustees of the Institute (‘Trustees’) meet quarterly where risks are identified and addressed – the risk register is reviewed annually at the Trustees’ meeting;
- Sub-committees – IFT has a Finance and General Purposes sub – committee, an ethics sub-committee and a policy subcommittee which have devolved responsibilities from the Board of Trustees to deal with any issues that arise from the annual review of the risk register;
- Senior management team of the Institute – meets monthly and monitors course and staffing issues as they arise.
- IFT’s validating body, the University of Bedfordshire, monitors the Institute’s processes and policies to ensure best practice and identifies any issues arising.