Issue - meetings

Annual Review of the Risk Management Strategy and 6 Monthly Review of the Risk Register

Meeting: 30/10/2012 - Cabinet (Item 5)

5 Annual Review of the Risk Management Strategy and 6 Monthly Review of the Corporate Business Risk Register PDF 302 KB

Minutes:

Background:

This report provided details of the annual review of the Council’s Risk Management Strategy and six monthly review of the Council’s Corporate Business Risk Register.

Members were advised that the Strategic Risk Management Group was not recommending any changes to the Risk Management Strategy. However, following review by ‘risk owners’ a number of proposed amendments to the Corporate Risk Register were set out in the report.

It was noted that the Business Support Overview and Scrutiny Committee had considered this report on 25 September 2012 and its comments were set out in paragraph 5 of the report. It was noted that the Committee had recommended that consideration of reducing the risk rating for SR21 Procurement be delayed for six months, to enable the new Category Management Team to become established and embed the new procurement processes across the council.

Decision number:

Decision:

173/2012

The Cabinet:

(a) noted the comments and recommendation of the Business Support Overview and Scrutiny Committee, as set out in paragraph 5.1 of the report;

(b) approved the Risk Management Strategy, as set out in Appendix A to the report;

(c) approved the amendments to the Council’s Risk Register as detailed in section 3 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.