The Senior Risk and Insurance Officer, Mike Lane introduced a report of the Director of Finance and Investment that informed that the Council was improving and modernising its arrangements for corporate governance. The report informed that risk management framework was a key element of those arrangements. To support the wider programme and to respond to changes both within the Council and the wider environment a number of amendments were proposed to the risk management framework. The progress report dealt specifically with proposals for a revised approach to the oversight of the Council’s corporate risks.

Resolved – That

(1)  the proposals provided sufficient assurance that the arrangements are able to support the effective governance of the organisation; and

(2)  proposals for other improvements to the risk management framework be brought to future meetings of the Audit and Risk Management Committee.