Issue - meetings
Corporate Risk Management Update
Meeting: 26/03/2024 - Audit and Risk Management Committee (Item 50)
50 Corporate Risk Management Update PDF 234 KB
Additional documents:
- Enc. 2 for Corporate Risk Management Update, item 50
PDF 362 KB
- Enc. 3 for Corporate Risk Management Update, item 50
PDF 602 KB
- Enc. 4 for Corporate Risk Management Update, item 50
PDF 936 KB
- Webcast for Corporate Risk Management Update
Minutes:
The Risk, Continuity & Compliance Manager presented the report of the
Director of Finance which provided an update on activity related to the
Corporate and Directorate Risk Registers and the Council’s risk management
arrangements. Outcomes of the latest review of the Corporate Risk Register
(CRR) by the Senior Leadership Team were reported and that there were minor updates to the mitigating controls and planned actions for the existing Corporate Risks, but no change in scores. It was noted that The Council’s Risk Management Policy Statement and Strategy had been updated to reflect the Council’s committee structure and lines of reporting as well as the vision set out in the Council Plan 2023-27.
Members discussed the impact of recommendations on corporate risks entailed in the External Audit Annual Report. The Risk, Continuity and Compliance Manager confirmed these would be reviewed in the next scheduled review with SLT. Members also discussed how the effectiveness of controls can be monitored within the CRR and reiterated the importance of policy and service committees undertaking regular reviews of their respective directorate risk registers.
Resolved – That the report be noted and the Risk Management Framework be endorsed.