{"id":627,"date":"2020-02-13T11:08:25","date_gmt":"2020-02-13T11:08:25","guid":{"rendered":"https:\/\/ar19.iiasa.ac.at\/?page_id=627"},"modified":"2020-05-12T13:30:53","modified_gmt":"2020-05-12T12:30:53","slug":"policies","status":"publish","type":"page","link":"http:\/\/ar19.iiasa.ac.at\/policies\/","title":{"rendered":"Policies and processes"},"content":{"rendered":"

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Risk, internal control, and audit <\/strong><\/p>\n

Improving the effectiveness of organizational risk management, control, and governance processes remained one of the top priorities for the IIASA Council and Executive in 2019. IIASA maintains a comprehensive risk register, which is continuously reviewed and updated. Appropriate actions aimed at mitigating or removing organizational risks are undertaken to prevent potential negative impacts for IIASA.<\/p>\n

Committed to bringing in a systematic approach to evaluating and mitigating risks, the IIASA Council and Executive decided to establish an internal audit function. The purpose of this function will be to introduce a professional auditing of the governance, risk management, and internal controls at IIASA, to ensure compliance with the regulatory framework and to enhance performance, organizational learning, and efficiency and effectiveness of IIASA operations.<\/p>\n

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Delegation of authority and conflict of interest<\/strong><\/p>\n

The IIASA Council adopted a Delegation of Authority Framework in 2019, with the aim of improving transparency and the effectiveness of its decision-making processes. The new framework assigns appropriate levels of involvement in the decision-making process to the IIASA Council, the council committees, and IIASA management. This ensures efficient decision-making while retaining an apt segregation of duties, thus minimizing potential conflict of interest. Further actions taken included a decision that Council members and National Member Organization secretaries need to step down from their roles when applying for IIASA executive positions.<\/p>\n

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Social and ethical responsibility<\/strong><\/p>\n

Committed to strengthening the engagement and wellbeing of IIASA staff, and in response to recommendations from the 2017 Institutional Review, IIASA embarked on an institute-wide campaign to collectively define IIASA\u2019s core values<\/a>. The established values will serve as the backbone of the IIASA Strategy 2021-2030 and the new IIASA People Strategy. In addition they will be embedded into the daily working environment to help create an inclusive and respectful working culture for staff members at all levels. In 2019 a Works Council constituted according to Austrian labor law was established at IIASA to represent the interests of staff.<\/p>\n

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Financial policies<\/strong><\/p>\n

The Finance Committee of the Council supervises the institute\u2019s accounting and auditing activities, the annual payments of National Member Organization contributions, the realization of royalties and other revenues, and the annual financial reports. IIASA is also legally obliged under the Austrian Association Act and Austrian Commercial Law to have its accounts externally audited on an annual basis. IIASA\u2019s statutory financial statements are presently audited by BDO Austria.<\/p>\n

In addition, some external funders require that the projects they contribute to are individually audited, with around 25 project audits being carried out in 2019. The European Commission (EC), a major contributor to the institute\u2019s external funding, also sometimes performs second-level audits on already externally audited EC projects. To date, four major second-level audits on twelve projects were carried out in 2009, 2011, 2015, and 2017 respectively. All of these were successfully concluded.<\/p>\n

At IIASA, financial policies and procedures are in place for:<\/p>\n