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Risk management

The WorkCover Queensland (WorkCover) Board is committed to the implementation of an appropriate risk management program throughout the organisation, including setting the risk appetite and the periodic review and monitoring the treatment of the top strategic risks.

At an operational level, our CEO ensures the implementation and ongoing maintenance of the risk management program and ensures that risk management is an integral part of the strategic planning process.

Our Executive Leadership Team (ELT) are responsible for coordinating and monitoring risk management issues, making operational policy recommendations, and managing risk in accordance with risk appetite.

Management and staff within each part of the business have responsibility to proactively identify risks, choose and implement methods to treat these risks, and monitor their control effectiveness. WorkCover's second line risk management function oversees the risk registers and facilitates the risk management process.

Internal audit provides independent, objective assurance, and consulting to help WorkCover accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Their role is to provide the Risk and Audit committee and WorkCover's ELT with information and advice concerning the activities reviewed and the adequacy of internal controls.