Issue - meetings
Annual Risk Management Report 2015/16
Meeting: 23/09/2015 - Audit Committee (Item 4)
4 Annual Risk Management Report 2015/16 PDF 104 KB
Additional documents:
- App 1 Risk Management Policy Statement Feb12 FV, item 4
PDF 96 KB
- Appendix 2 CRR AC, item 4 RTF 3 MB
- Appendix 3 Risk Matrix, item 4
PDF 30 KB
- Risk Management report 2015 Final, item 4
PDF 309 KB
Minutes:
The Head of Audit and Risk Management introduced the report which provided the committee with an oversight of the authority’s processes to facilitate the identification and management of its significant business risks. It also provided a summary of the first quarter 2015/16 corporate risk register and risk management activity over the past 12 months. He advised:
- That the purpose of the report was to enable members to review the risk management arrangements of the authority which were divided into three themes:
o Identify the corporate risks.
o The Council’s work to manage identified risks.
o To ensure that risk management work has been embedded in the organisation.
· That it was not realistic to expect all of the Council's risks to be managed down to zero but the purpose of the register was that officers should give thought on the management of their risks in the best possible way.
· That the elements of this process were identification of the risk, and the presence of management controls which would prevent its occurrence.
Members noted the following:
- That many targets in the register will not been met however the register did not indicate whether the trigger was a real or hypothetical threat.
- Some elements of the register were out of date.
- Some of the vulnerability targets were not being met. Members asked at what point the triggers caused the matter to be considered at a directorate management team meeting. Members requested:
- more information be provided on timescales and basis of the work and
- to see more of the analysis behind the figures published.
- To see where the responsibility for the work areas resided. The Corporate Director for Resources agreed to bring a report setting out the risk appetite of the Council and how responsible officers, and Councillors would work to manage the risks faced by the Council in the delivery of its services.
RESOLVED
- That the contents of the report be noted
- That the actions highlighted in the Risk Management Action Plan 2015/16 (Section 9 at Appendix 4 of the report) be approved.
- That, having considered the corporate risks outlined in the report, the risk owner(s) requiring further scrutiny provide a detailed update, at the December 2015 Audit Committee, on the treatment and mitigation of the risks identified including impact on the corporate objectives.