Ruben G. Echeverría Update on Risk Management CIAT Board Meeting #63 Nairobi, Kenya 13 May 2011

Major risks identified and monitored by the Management Team

Inability to attract and retain appropriate staff Risk 1

Research partner failure to deliver requirements Risk 2

Inadequate asset infrastructure to adequately conduct required research Risk 3

Funding volatility due to reliance on limited number of donors Risk 4

Insufficient funds to meet Center operations in the short and medium term Risk 5

Inadequate financing of restricted project costs Risk 6

Significant over expenditures Risk 7

Managing geographical decentralization in terms of research integrity, financial and operational integrity, human resources Risk 8

Summary of changes implemented Risk likelihood of four risks changed to “medium” Risk likelihood of one risk changed to “low” Two news risks included with “low” risk likelihood

Inclusion of two new risks Based on the CGIAR reform (Fund Council and Consortium Board operations)