What is one of the primary reasons a chapter needs a risk management plan?

One of the primary reasons a chapter needs a risk management plan is to act as a safeguard and for legal purposes. A risk management plan is essential for identifying potential risks associated with the chapter's activities, helping to minimize liabilities and ensure the safety of members and participants. This includes addressing issues such as alcohol consumption, hazing, sexual harassment, and other activities that could lead to harm or legal implications. By having a structured risk management plan, a chapter can proactively manage risks, ensure compliance with legal regulations, and protect its members and organization from financial or reputational damage.

In contrast, while promoting social activities, increasing membership, and enhancing academic performance are valuable focuses for a chapter, they do not directly address the crucial need for safety, legal protection, and liability management that a risk management plan fulfills.