Issue - meetings

To provide an update on the management of the Strategic Risks for the Council.

The Committee considered an update on the management of the strategic risks for the Council.

Since the report to the Committee on 19^th November 2009, the Strategic Risk Register had been updated and clear actions identified for the mitigation of risks.

A copy of the updated Strategic Risk Register was appended to the report, together with a summary of the mitigating actions for each risk, and a ‘score’ to quantify each risk. Appendix 3 to the report provided further details of a number of risks, as examples of the way in which each risk was profiled. For each risk there was a fuller explanation of the risk, how it linked to strategic priorities and objectives, the consequences should it materialise, and the controls and mitigating actions in place.

The Corporate Risk Management Group had received training in risk management at its most recent meeting and training had been planned for the Cabinet and the Corporate Management Team. A training session for Members of the Governance and Constitution Committee would be held immediately following their meeting.

Progress on actions to mitigate and manage strategic risks would continue to be reported quarterly to the Committee, the Corporate Management Team and the Cabinet.

In order to integrate risk management fully into planning and performance management, regular discussions were taking place with the Performance Management Team with a view to linking the risk management process to the performance management system currently being developed. 

RESOLVED

That the identified Strategic Risks for the Council and the actions in place to mitigate them be noted.