Issue - meetings

This report presents an updated Risk Management Strategy for adoption.

Following consideration, the Committee unanimously resolved to:

(1)      Approve the updated Risk Management Strategy.

The Committee received a report presenting an updated Risk Management Strategy for adoption to maintain and enhance the Council’s corporate governance, and risk management in particular.

The following matters were considered:

a)            Risk response. A Member of the Committee suggested that the Risk response section (page 23 of the agenda) should be split to separate controls and mitigation. This was noted by Officers.

b)            Financial risks. A Member of the Committee suggested that the Financial risk section (page 33 of the agenda) should be split to separate income and costs. This was noted by Officers.

c)            Correction to typing error. The Committee noted a correction to a typing error on page 31 of the agenda in the “insignificant” level of risk column in relation to staff. This typing error read “Declining staff dissatisfaction…” and was corrected to read “Increasing staff dissatisfaction…”.

d)            Record of training. In response to a question from a Member, the Business Assurance Manager informed the Committee that a record of all training sessions would be maintained.

Following consideration, the Committee unanimously resolved to:

(1)      Approve the updated Risk Management Strategy.