Issue - meetings

Annual Review of the Risk Management Strategy and Six Monthly Review of the Council's Corporate Business Register

Meeting: 28/10/2014 - Cabinet (Item 9)

9 Annual Review of the Risk Management Strategy and Six Monthly Review of the Council's Corporate Business Register PDF 316 KB

Minutes:

Background:

This report provided details of a review of the Council’s Risk Management Strategy and Risk Register.

The report gave details of proposed amendments to the Risk Register, following consideration by the ‘risk owners’, and it was noted that the Risk Management Audit 2013/2014 had produced a satisfactory opinion albeit there remained three outstanding medium priority recommendations as described in the report.

It was reported that the Business Support Overview and Scrutiny Committee had considered this report on 7 October 2014. The Audit Committee had also considered a report that updated the Committee on the Council’s risk management activities on 25 September 2014. Comments of both Committees were set out in the report.

Decision number:	Decision:
182/2014	The Cabinet approved the Risk Management Strategy, as set out in Appendix A to the report.
183/2014	The Cabinet approved the amendments to the Council’s Risk Register, as detailed in section 3 of the report;
	The Cabinet noted the progress on the three medium priority recommendations from the Risk Management Audit 2013/2014, as detailed at 3.3 of the report.

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.