Decision details

The Leader of the Council and Cabinet Member (Business Engagement and Regeneration) submitted a report presenting a revised Risk Management Policy and Strategy for the Council. The Risk Management Policy and Strategy has been developed to take account of risk proximity which is now included within the grading of the risk alongside the likelihood and impact scoring. The Strategy explains how the Council will work effectively to minimise the impact and exploit the opportunities that risks present. New levels of assurance have been included to provide much greater clarity on the governance and scrutiny of each risk. 

Delegated decision:

That support for the Council’s Revised Risk Management Policy and Strategy be re-affirmed.

Reasons for the decision:

Risk management is an integral part of the Council’s approach to Corporate Governance and service and financial planning. It is essential that robust risk management practices are put in place to safeguard Council assets.

Other option considered and rejected:

To reject the recommendations.