Issue - meetings
Annual Review of the Risk Management Strategy
Meeting: 11/02/2025 - Cabinet (Item 16)
16 Risk Strategy Annual Review 
PDF 108 KB
Additional documents:
Minutes:
Background:
The report provided the Cabinet with the Council’s Risk Strategy, and presented the annual review of the Risk Strategy. Good corporate governance required that local authorities identify all their significant strategic and operational risks and put effective risk management and internal control systems in place. The Risk Strategy was reviewed annually to ensure that it remained up to date and continued to reflect the Council’s approach to risk management
The report had also previously been considered by the Audit Committee on 28 January 2025 and Business Support and Digital Overview and Scrutiny Committee on 30 January 2025. Comments from these committees had been circulated within the second supplementary agenda.
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Decision:
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The Cabinet noted the outcome and comments of the Audit Committee and Business Support and Digital Overview and Scrutiny Committee, as set out in Appendix 3 to the report. |
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28/2025 |
The Cabinet approved the 2025/26 Risk Strategy at Appendix 1 to the report, which set out the Council’s approach to risk management. |
Reasons:
The establishment of a corporate framework for risk management is
recommended by the Chartered Institute and Public Finance and Accountancy (CIPFA) and Society of Local Authority Chief Executives (SOLACE) and will complement and support the work already being carried out within each directorate to manage risks.