The Risk Management Institution of Australasia (RMIA) board says its future strategy will focus on financial sustainability, developing staff and attracting new talent.

President Anthony Ventura says the board, which met last month, will capitalise on its sponsors and achieve a balanced return on investment for its events.

“Financial sustainability for us means long-term viability of the RMIA, a balance between value and membership fees, effective financial governance and risk management of the organisation, and appropriate and maintained facilities,” he said.

The board will strive to attract and retain the best staff to drive better membership and support to the industry.

“We are indebted to the time, expertise and contributions of our members and for their personal contributions to the risk community… and as such we are committed to the enhancement of our volunteer recognition scheme,” Mr Ventura said.

The board is reviewing member induction processes, staff development, succession planning, performance management and good governance.

Mr Ventura says this will allow it to focus on thought leadership, professional development, and member and stakeholder engagement.

“Thought leadership and professional development will position us as leaders and curators of brisk and informed commentary, insights, debate and ideas.”

RMIA will build on member and stakeholder engagement through inclusive member events, mentoring and online communities.