Issue - meetings

Councillor A.C. Harman

To consider the recommendation of the Audit Committee following its review of the Corporate Risk Register.

Cabinet considered the recommendation from the Audit Committee on the Corporate Risk Register.

Resolved to approve the Corporate Register as submitted.

Reason for the decision:

The Register summarises the Council’s most significant risks. It sets out the controls which have been put in place and identifies any further action which might be needed to mitigate risks.

To note the report by the Internal Audit Manager and recommend the Corporate Risk Register to Cabinet for approval.

The Internal Audit Manager reminded the Committee that changes were envisaged for the Corporate Risk Register, following the recent training session, to provide a greater focus on corporate objectives, with fewer risk categories, and identify the risks associated with those.  The strategic planning process would also be taken into account.

The Internal Audit Manager summarised the risks affecting the Council as outlined in the report and highlighted a number of key issues, including cyber security, the proposed Heathrow expansion and the resultant risks for the borough, the environmental risk around climate change and political aspects connected to Brexit.

Terry Collier, Deputy Chief Executive, reported that the corporate management team were receptive to the proposals put forward for a more focused risk register relating to key priorities and looked forward to working with the Internal Audit Manager to move that forward.

The draft format for the Corporate Risk Register was to be presented back to the Committee for comment in January.

Resolved that:

1.      The contents of the Corporate Risk Register be noted and accepted;

2.      The Corporate Risk Register be recommended to Cabinet for approval.

3.      The Committee support the changes proposed to the Corporate Risk Register.