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www.canadianlawyermag.com/inhouse 33 operating officer and the senior management team. He says that, while the foundation had risk management processes in place, the growth of the organization meant there needed to be more effective and efficient methods to protect the foundation. Not being an expert in enterprise risk man- agement systems, Goldbloom says, he resorted to reading and independent learning to get up to speed on everything from best practices to technical requirements. He also consulted with risk management specialists at the hospital and with outside professionals, although budget limitations meant he couldn't just hand the problem off to firms such as KPMG or Deloitte. Instead, Goldbloom and his colleagues developed the framework for the system in-house, writ- ing their own risk scales and impact scales. They even conducted surveys of senior manage- ment and asked them to vote on which risks were most pressing. On the technology side, Goldbloom says, he was fortunate that the foundation's insur- er Healthcare Insurance Reciprocal of Cana- da (better known in the health-care industry as HIROC) offered a program that hospitals and other health-care organizations could use as the software basis of their own risk manage- ment programs. After assessing the program, Goldbloom determined that not only was it the most affordable solution, it was the one that best suited the foundation's needs. While many hospitals in the country are running the program, SickKids Foundation is the first hospital-affiliated fundraising charity to do so, and Goldbloom is proud to be a trailblazer in that regard. While Goldbloom says there are standard risks that every organization needs to protect itself against, as a registered not-for-profit organi- zation, the most valuable asset the foundation has is its reputation —especially since everything the foundation does gets reflected back upon the hospital itself, even though they are separate legal entities — and protecting that reputation is one of the key drivers of the program. One of the ways the foundation protects itself and its reputation is by being very careful about partnerships. Goldbloom explains that any potential partners, such as those holding events on the foundation's behalf or those who want to offer corporate partnerships, must comply with the foundation's terms and conditions, and those include strict trademark licence agreements. He says the foundation monitors the behaviour of its partners very closely to ensure they are living up to the foundation's standards. Since the foundation's reason for existence is fundraising, Goldbloom says that risks about the economy are also top of mind for senior executives and for the enterprise risk manage- ment committee. While the foundation may not be able to control what happens to the general Canadian economy, it can ensure its donor base 2019 Canadian Lawyer InHouse Innovatio Award Winner for Small Law Department Leadership Congratulations Kikelomo Lawal on being recognized for your leadership Kikelomo Lawal is Chief Legal Offi cer, Ombudsman and Corporate Secretary at Interac Corp. – one of Canada's leading payments brands The Interac logo is a registered trade-mark of Interac Corp.