Issue - meetings

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 Risk Management Strategy had been reviewed by the Strategic Risk Management Group. There were some minor amendments to clarify the wording and to include the Audit & Counter Fraud Team in the roles and responsibilities section.

In relation to the Corporate Risk Register there were no new risks proposed and no risks were proposed to be removed.  The format had been revised to:

·           Provide a clearer story for each risk;

·           Capture inherent, residual and target risk scores in line with the Risk Management Strategy;

·           Reduce duplication and the length of the document by removing the ‘tracked change’ history.

The report was considered by the Business Support Overview and Scrutiny Committee on 25 October 2018 and its comments and recommendations, which included a proposed addition to the Corporate Risk Register in relation to cybersecurity, were set out in Section 4 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.