Issue - meetings
Risk Management Strategy Annual Review
Meeting: 02/02/2021 - Cabinet (Item 8)
8 Risk Strategy Annual Review 
PDF 178 KB
Additional documents:
Minutes:
Background:
This report provided details of the annual review of the Risk Strategy. The report stated that the Risk Management Strategy was reviewed annually to ensure that it remained up to date and continued to reflect the Council’s approach to risk management. The latest review of the Risk Management Strategy was attached as Appendix 1 to the report.
Due to the impact of Covid-19, it had not been possible to agree the 2021/22 Risk Strategy in September 2020. Therefore, this report now presented the 2021/22 Risk Strategy.
The annual review had been considered by the Audit Committee on 5 January 2021, details of which were set out in section 5 of the report. The Business Support Overview and Scrutiny Committee had also considered this report on 28 January 2021 and its comments were set out in an addendum report.
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Decision number: |
Decision: |
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The Cabinet noted the comments of the Audit Committee, as set out in section 5 of the report and the comments of the Business Support Overview and Scrutiny Committee, as set out in the Addendum Report.
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20/2021 |
The Cabinet approved the revised 21/22 Risk Management Strategy at Appendix 1 to the report as setting out the Council’s approach to Risk Management. |
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.