Issue - meetings
Quarterly Risk Management Update
Meeting: 23/01/2018 - Audit Committee (Item 4)
4 Quarterly Risk Management Update Q3 2017/18 PDF 122 KB
Additional documents:
- Enc. 1 for Quarterly Risk Management Update, item 4 RTF 347 KB
- Enc. 2 for Quarterly Risk Management Update, item 4 RTF 1002 KB
- Enc. 3 for Quarterly Risk Management Update, item 4 RTF 3 MB
- Enc. 4 for Quarterly Risk Management Update, item 4 PDF 29 KB
Minutes:
Minesh Jani, Head of Risk Management presented his report on the Corporate Risk Register. He referred Members on the table on page 95 of the agenda which showed the number of corporate risks by Directorate for quarter 3, 2017/18.
In addition he referred Members to the table on page 96 which showed the associated risks in relation to corporate priorities.
He stated the Corporate Risk Register required a refresh and work was underway to consult with Directorate Leadership Teams to identify risks as well as raise awareness through Risk workshops with staff.
Members of the Committee asked the following questions:
· The Risks identified in appendix 1, page 99 are 6 months old. When will the Register be updated to show current risks?
· What is the timeframe to introduce the concept of Officers/Managers owning the Risk and updating the corporate register?
Zena Cooke, Corporate Director for Resources suggested that the committee may wish to keep Risk Management as a standing item on the agenda, as a discursive item while the Risk Register was updated.
Members of the Committee AGREED with this suggestion.
Members of the Committee NOTED
1. The corporate risks and recommended changes and updates as necessary;
2. Requested risk owner(s) requiring further scrutiny provide a detailed update on the treatment and mitigation of the risk including impact on the corporate objectives at its next meeting; and
3. Determined if risks on the corporate risk register are a significant threat to the achievement of corporate objectives or the performance of activities to satisfy core statutory objectives.