Councillor Phil Davies presented a report by the Strategic Director – Transformation and Resources that confirmed the rationale behind the development of a revised Corporate Risk Management Policy for the Cabinet.  The report described the process followed to develop the Policy and identified further actions needed for implementation.  The Policy had been approved by the Audit and Risk Management Committee at its meeting on 28 January 2014.  (Minute No. 45 refers.).  The Risk Management Policy was appended to the report for Members’ consideration.

In accordance with Cabinet’s ultimate responsibility for corporate governance Members were invited to consider and formally adopt the Policy on behalf of the Council.

RESOLVED: That

(1)  the draft Risk Management Policy be formal adopted; and

(2)  Councillors Phil Davies and Ann McLachlan be nominated to participate in the proposed ‘risk appetite’ exercise set out in the policy document.