Issue - meetings

The report of the Head of Policy and Performance provides an update on the risk management framework of the Council and its Key Corporate Risks.

The Committee is asked to consider and comment on the Key Corporate Risks and the approach outlined in the report.

The Committee considered the report of the Head of Policy and Performance which provided an update on the risk management framework of the Council and its Key Corporate Risks.

Given the context of developments in the public sector, the current economic climate and the Council’s need to deliver local priorities within the limits of available funding, risk management had gained an increased profile. It was important for the Council to be able to demonstrate that effective risk management processes were in place.

The report submitted identified 14 Key Corporate Risks which may adversely, or beneficially, affect the Council’s ability to achieve its corporate objectives. These had been identified by the Corporate Management Team at a workshop held on 19 October 2020.  The Team was of the view that if unmanaged, these could prevent the Council from achieving its strategic aims and/or operating its business. As a result of discussion of the risks at that meeting, a new corporate risk (risk 15) in relation to the external environment and government reviews had also been suggested for inclusion.

RESOLVED:

That, in respect of the Key Corporate Risks, the approach outlined in the report, together with the identified actions in place to mitigate the risks, be commended to Cabinet at its meeting to be held on 20 December 2010.