Trustee Risk Assessment Tool

Why Trustees Need a Risk Assessment

Under the Sectional Titles Schemes Management Act (STSA), trustees carry personal liability for governance failures. Many trustees don't realize the extent of their exposure until it's too late.

This assessment evaluates 10 critical governance areas to identify where your board is most vulnerable.

What the Assessment Covers

• Arrears Escalation Policy — Do you have a formal process for managing payment defaults?
• Conflict of Interest Management — Are conflicts documented and managed transparently?
• Insurance Review — Is building insurance reviewed and updated annually?
• Board Resolutions — Are all decisions formally recorded and documented?
• Risk Register — Do you maintain a formal risk register?
• Procurement Procedures — Are procurement decisions documented and authorized?
• Delegated Authority Matrix — Is authority clearly delegated and documented?
• Financial Review — Are financial statements reviewed quarterly?
• Incident Response — Do you have a formal incident response procedure?
• Document Retention — Is there a documented retention policy?

Your Results Include