Issue - meetings

Six Month Review of the Council's Corporate Business Risk Register

 

 

Meeting: 08/04/2014 - Cabinet (Item 10)

10 Six Month Review of the Council's Corporate Business Risk Register pdf icon PDF 227 KB

Minutes:

Background:

 

This report provided details of the latest review of the Council’s Corporate Business Risk Register and included three proposals from the Council’s Management Team to downgrade risks in relation to SR17 - Delivering Regeneration; SR19 - Downturn in the Economy and SR22 – Treasury Management.

 

The Business Support Overview and Scrutiny Committee considered this report on 19 March 2014 and recommended that SR19 - Downturn in the Economy be regraded at C2, rather than the original proposal to regrade at E2, to link with that of the proposed regrading to C2 of SR17 Delivering Regeneration.

 

The Portfolio Holder for Finance and Deputy Leader paid tribute to Joy Kirby who had recently retired for her work on risk management over the years.

 

Decision number:

Decision:

72/2014

The Cabinet approved the recommendations from the Business Support Overview and Scrutiny Committee regarding the amendments to the Council’s Risk Register as follows:

(i)                 SR17 Delivering Regeneration – C2

(ii)               SR19  Downturn in the Economy – C2

(iii)             SR22 Treasury Management – E2.

 

Reasons:

 

The establishment of a corporate framework for risk management is recommended by CIPFA and SOLACE and will complement and support the work already being carried out within each directorate to manage risks.