Issue - meetings

IMPROVEMENTS TO THE CORPORATE RISK MANAGEMENT FRAMEWORK

Meeting: 23/07/2018 - Audit and Risk Management Committee (Item 8)

8 IMPROVEMENTS TO THE CORPORATE RISK MANAGEMENT FRAMEWORK pdf icon PDF 105 KB

Additional documents:

Minutes:

Further to minute 72 (12 March, 2018), the Senior Risk and Insurance Officer, Mike Lane, introduced a report which summarised subsequent developments in relation to those proposals for ensuring that the corporate risk register reflected the most significant risks to delivery of the Council’s objectives and enhanced arrangements for its oversight but which also set out a number of actions to support broader improvements to the Council’s approach to risk. The Strategic Leadership Team had considered an initial set of proposals and then undertaken the first of a number of workshops on the subject and the report outlined the action to be taken over the coming months.

 

In response to comments from Members, Mike Lane agreed that it would be a very sensible idea for Members to have a workshop to give their input into an improved framework. He assured the Committee that officer discussions and improvements to the risk register would be discussed with the Committee and not presented as a fait accompli.

 

A Member suggested and it was agreed that, ‘This Committee should engage in the process of defining and identifying the Council’s risk management strategy and the key corporate risks. That this Committee is involved in that process and looks for greater clarity in terms of the responsibilities for the Council, this Committee (under its terms of reference) and the Cabinet, with an understanding of where the baseline for risk starts.’

 

Resolved -

 

(1)  That Progress reports on improvement actions are brought to future meetings of the committee.

 

(2)  That this Committee should engage in the process of defining and identifying the Council’s risk management strategy and the key corporate risks. That this Committee is involved in that process and looks for greater clarity in terms of the responsibilities for the Council, this Committee (under its terms of reference) and the Cabinet with an understanding of where the baseline for risk starts.