Issue - meetings

Annual Review of the Risk Management Strategy and 6 Monthly Review of the Council's Corporate Business Register

Meeting: 27/10/2015 - Cabinet (Item 10)

10 Annual Review of Risk Management Strategy and 6 Monthly Review of the Council's Corporate Business Risk Register PDF 1 MB

Minutes:

Background:

This report provided details of the 6 monthly review of the Council’s Corporate Business Risk Register and the annual review of the strategic risk framework.

It was noted that no significant changes were proposed for the Risk Management Strategy, whilst the Corporate Risk Register contained some amendments for consideration. The Risk Management Audit 2014/2015 identified two recommendations which had been addressed through Performance and Intelligence managers issuing service planning guidance.

The Audit Committee and Business Support Overview and Scrutiny Committee’s consideration of risk management on 24 September 2015 and 8 October 2015 respectively was set out in paragraphs 5 and 6 of the report with specific recommendations for Cabinet set out in paragraph 6.7 (d-g) of the report.

Decision number:	Decision:
141/2015	The Cabinet approved recommendations 6.7(d), 6.7(f) and 6.7(g) from the Business Support Overview and Scrutiny Committee of 8 October 2015 subject to 6.7(f) referring to 20,000 new homes instead of 17,000 new homes.
142/2015	The Cabinet approved the Risk Management Strategy, as set out in Appendix A to the report.
143/2015	The Cabinet approved Management Team’s recommendations on amendments to the Council’s Risk Register as detailed in section 3 of the report.
	The Cabinet noted the progress of the recommendations from the Risk Management Audit 2014/2015 as detailed in paragraph 3.10 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.