Issue - meetings

To review the draft Corporate Risk Management Policy.

The Chief Finance Officer presented the draft Corporate Risk Management Policy to the Committee.  This had been refreshed following a training session held with members of the Audit Committee in 2019 and feedback from the Corporate Risk Management Group.  The policy outlined the Council’s approach to the management of risks and opportunities using a structured, focused approach.  It was proposed that, in line with this, the Corporate Risk Register will focus on a smaller number of corporate risks that impact on the delivery of corporate objectives. 

The Committee were asked for their views on the proposed policy and suggestions were invited to refine it.  Whilst the Committee appreciated the detail contained in the policy, they considered it important that the document was as easy to read as possible for everyone and key points highlighted for ease of reference.  It was agreed that a pared down, visually appealing summary version would be prepared in particular highlighting the policy “musts” from guidance, and circulated to the Committee, relevant colleagues and the Corporate Risk Management Group for their comments.

To review the draft Corporate Risk Management Policy.