Issue - meetings
Annual Risk Management Report and Q1 Risk Management Update (IO 82172)
Meeting: 25/07/2018 - Audit Committee (Item 5)
5 Annual Risk Management Report and Q1 Risk Management Update PDF 191 KB
Additional documents:
- Enc. 1 for Annual Risk Management Report and Q1 Risk Management Update, item 5 PDF 189 KB
- Enc. 2 for Annual Risk Management Report and Q1 Risk Management Update, item 5 RTF 332 KB
- Enc. 3 for Annual Risk Management Report and Q1 Risk Management Update, item 5 RTF 661 KB
- Enc. 4 for Annual Risk Management Report and Q1 Risk Management Update, item 5 RTF 3 MB
Minutes:
Steven Tinkler, Interim Head of Audit and Risk Management introduced this report stating the purpose of the report was to inform members of the ways in which risks are identified and managed. The report provided a summary of the risk activities over the first quarter 2018/19 and appended at Appendix 1, the Corporate Risk Register.
Mr Tinkler said considerable work had been undertaken to make Risk Management a ‘core element’ of activities undertaken within the Council services provided and awareness sessions has been conducted in order to engage with as many staff as possible. He referred members to the table at 5.2 – page 32 and said the current corporate risk register contained a total of 12 risks, with five rated red, five rated amber and two as yellow.
Members of the Committee made the following comments and asked questions in relation to the report:
· In reference to page 32, was the risk CSDSC0014 added following the Ofsted findings?
· Risk ASD0015 – Have any cases been identified which have resulted in ‘Death or serious harm’?
· Risk CSDR0011 refers to Christ Church Primary School. Why is this risk still on the register and why is it taking so long to resolve?
· It would be helpful to have a comparison of the Corporate Risk register to previous years, so to establish which risk are alive and how long it takes to resolve them. Is Tower Hamlets facing a risky time?
· What is the process of identifying new risks?
The Audit Committee NOTED:
1. The corporate risks and recommended changes and updates as necessary;
2. The content of the Annual Risk Management report 2017/18 and agreed actions at section 9 of the report; and
3. Requested risk owner(s) with risks requiring further scrutiny provide a detailed update on the treatment and mitigation of the risk including impact on the corporate objectives at its October meeting.