The Director of Resources reported upon progress since November 2013 and provided a summary in relation to the following key actions in corporate risk and insurance management planned for 2013/2014 that were reported to the Committee on 31 January 2013 (minute 47 refers) –

·  Management of the Insurance Fund

·  Report on Liability Funding Requirements

·  Academy Schools Insurance Procurement

·  Procurement of Motor and Engineering Insurance and Inspection Contracts

·  Determine Risk Appetite and the Future Objectives for Risk Management

·  Review of the Corporate Risk Management Framework and Processes

·  Draft New Corporate Risk Management Policy and Strategy

·  Review of Corporate Risk Register

In response to a comment from the Liberal Democrat spokesperson, the Director informed Members that as part of the new Corporate Risk Management Policy, the Corporate Risk Register would be regularly presented to the Committee in order for it to fulfil its role in the management of risk.

Resolved – That the report be noted.