Issue - meetings

Updates to Risk Register Q1

 

 

Meeting: 08/10/2024 - Cabinet Sub Committee (Medway Norse Ltd Shareholder Board) (Item 6)

6 Review of the Company's Risk Register pdf icon PDF 120 KB

Minutes:

Background:

 

The report introduced the Strategic Risk Register for Medway Norse Ltd.

The Medway Norse Ltd Strategic Risk Register was set out in the Exempt Appendix 1 to the report. It had been prepared by Medway Norse Ltd adopting a different scoring methodology than that of the Council’s, however, it still ranked and prioritised risks. The scoring reflected the uncertainty around the company’s operations until a new contract was signed with the Council.

Decision

number:

 

Decision:

 

 

The Sub Committee noted the contents of the report, and the risk register set out in the exempt Appendix 1 to the report.

Reasons:

In order to fulfil its role as shareholder, on behalf of the Council, the Sub Committee must be regularly updated regarding the risks affecting the company and its activity and the action being undertaken to manage those risks.