Issue - meetings
Risk Management – Corporate Risk Register
Meeting: 04/12/2024 - Audit Committee (Item 4)
4 Risk Management – Corporate Risk Register PDF 356 KB
Additional documents:
- Appendix. 2 for Risk Management – Corporate Risk Register, item 4
PDF 274 KB
- Appendix. 3 for Risk Management – Corporate Risk Register, item 4
PDF 129 KB
- Appendix. 4 for Risk Management – Corporate Risk Register, item 4
PDF 21 KB
- Webcast for Risk Management – Corporate Risk Register
Minutes:
Mr David Dobbs, Head of Internal Audit, Anti-Fraud and Risk presented the risk management report which included the Corporate Risk Register. He said the management of risk was a key Council function, with Internal Audit coordinating the risk registers on behalf of the Council and Directorates.
Mr Dobbs referred members to paragraph 3.7 onwards and said the risk management strategy would be consulted on next year in April 2025.
In response to comments and questions from members the following was noted:
· Mr Dobbs confirmed he would be consulting senior management, and directorate leads to ensure the risk strategy and appetite had a consistent approach.
· Referring to paragraph 3.6 members asked how the risk training had been received by officers. Ms Victoria Lewis, Risk Officer said the training sessions had been well attended and there had been positive engagement from managers.
· Referring to the detailed corporate risk register, Councillor Francis asked if the self-referral to the Housing Regulator would be added to the risk register. Mr Dobbs said the detailed risk register, from page 711 onwards gave more information of the risks and the mitigating action to be taken. He said the risk relating to the self-referral to the Housing Regulator had been drafted but hadn’t made it onto the register as he needed to have further discussions with the Directorate.
o ACTION: Mr Dobbs agreed to share with Committee Members the precise wording of the risk before it is added to the Corporate Risk Register.
The Audit Committee RESOLVED to:
1. Note the Corporate Risks (referred to in Appendix A and B), and where applicable request risk owner(s) with risks requiring further scrutiny to provide a detailed update on the treatment and mitigation of those risks including impact on the corporate objectives.
2. Note the latest updates to the Council’s Risk Management arrangements as described in this report; and
3. The proposed approach in relation to the Council’s Risk Appetite within the development of a revised Risk Management Strategy and Framework.