Issue - meetings
Risk Strategy 2020/2021
Meeting: 19/11/2019 - Cabinet (Item 8)
8 Risk Strategy Annual Review 
PDF 312 KB
Additional documents:
Minutes:
Background:
This report provided details of the annual review of the Risk Strategy. The report stated 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 particular, this review brought the Strategy in line with the International Standard in Risk Management (ISO 31000:2018(E)), which provided a common approach to managing any type of risk and could be applied to any activity and updated the format to be consistent with other Council strategies.
The report also stated that the Strategic Risk Register was now subject to an increased frequency of reviewing the risk register, which would enable risks to be reported alongside performance and budget monitoring and therefore support decision making.
The annual review was considered by the Audit Committee on 26 September 2019 and the Business Support Overview and Scrutiny Committee on 24 October 2019, details of which were set out in section 4 of the report.
|
Decision number: |
Decision: |
|
The Cabinet noted the comments of the Audit Committee and the Business Support Overview and Scrutiny Committee set out at section 4 of the report. |
|
|
131/2019 |
The Cabinet approved the Risk Management Strategy as set out at Appendix 1 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.