9 Risk Management Update Report PDF 69 KB
To consider and review an update report on risk management.
Additional documents:
Minutes:
The Committee considered an update report on risk management.
The Audit and Governance Committee had a key role in providing an oversight of the effectiveness and ‘embedding’ of risk management processes, and in testing and seeking assurance about the effectiveness of control and governance arrangements. In order to form an opinion on these arrangements, it needed to establish how key risks were identified, evaluated and managed, and the rigour and comprehensiveness of the review process. The report provided a summary of the key corporate risks and risk management work undertaken since the last report.
At its meeting on 17 May 2011, the Corporate Risk Management Group had discussed, considered and endorsed the risk ratings for a number of key risks, details of which were set out in the report.
Other areas of work undertaken on risk management included:
? Proposals to articulate the Council’s risk ‘appetite’ and define key risk area tolerance statements.
? The nomination of Risk Service Area Leads.
? Risk management training sessions and workshops.
RESOLVED
That the update report on risk management be noted.