Issue - meetings
Annual Review of Strategic Risk Strategy and 6 Monthly Review of The Council's Corporate Business Risk Register
Meeting: 21/11/2017 - Cabinet (Item 7)
PDF 483 KBMinutes:
Background:
This report provided details of the six monthly review of the Council’s Corporate Business Risk Register and the annual review of the Strategic Risk Framework. It was noted that the strategy was reviewed annually to ensure that it remained up-to-date and continued to reflect the Council’s approach to risk management. In addition, the Corporate Risk Register, which accompanied the strategy, ensured that all relevant key risks were recorded and this was reviewed and managed every six months by both management and Members.
The report set out details of the Risk Management Audit which had been carried out in August 2017, as set out in paragraph 5 of the report.
The report set out the comments of the Business Support Overview and Scrutiny Committee, as set out in paragraph 7 of the report.
|
Decision number: |
Decision: |
|
The Cabinet noted the comments of the Business Support Overview and Scrutiny Committee as set out in section 7 of the report. |
|
|
127/2017 |
The Cabinet approved the amendments to the Council’s Risk Register as detailed in section 3 and Appendices A and B to the report, subject to a change to the risk rating of Transformation from C2 to B2 and any consequential changes to Appendices A and B to the report. |
|
128/2017 |
The Cabinet approved the revised Risk Management Framework as set out in Appendix C to 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.