Decision details

Risk Management Strategy and the Management of Risk and Opportunity

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


A report of the Director of Finance informed the Cabinet that the Risk Management Strategy had last been updated on 25 November 2010 (Minute No. 231 refers) and that it was reviewed annually. Whilst there were minor changes to the Strategy the report recommended that a more tailored and embedded approach to the management of risk, strategically and operationally, was needed if the Council was to meet the challenges and take advantage of the opportunities both internally and in the wider environment. It proposed the creation of a new framework and processes to support the new approach.




(1)  the retention of the existing Risk Management Strategy be approved;


(2)  the Cabinet supports the development of a new corporate approach to the management of uncertainty and agrees that the action plan set out in the Appendix to the report be incorporated within the Risk Management Strategy; and


(3)  detailed proposals for the new framework and processes be presented to a future meeting of the Cabinet for consideration.

Publication date: 19/10/2011

Date of decision: 13/10/2011

Decided at meeting: 13/10/2011 - Cabinet

Effective from: 27/10/2011

Accompanying Documents: