A report by the Director of Finance proposed minor changes to the Risk Management Strategy following a recent review and described the project being undertaken to review the overall approach to risk and uncertainty. The Revised Risk Management Strategy was appended to the report for Members’ information.

RESOLVED:  That

(1)  the revised Risk Management Strategy be approved;

(2)  the conclusions of the recent Review of Risk Management Arrangements be reported promptly and the Risk Management Strategy be updated and implemented accordingly; and

(3)  the future work of internal audit be more closely aligned with the Risk Management Strategy.