Issue - meetings

Recommendations on page 25

RESOLVED – That the Council’s new approach to Risk Management be approved and the new Risk Management Strategy be adopted.

Executive considered the report of the Portfolio Holder – Finance and Resources which recommended approval of the Council’s new approach to Risk Management and the adoption of the new Risk Management Strategy.

The proposed Risk Management Strategy included a revised approach to the following:

·      The nature of risk both the threats and the opportunities

·      The benefits of a robust risk management approach

·      The Council’s risk appetite

·      Risk categorisation – Operational, Governance, Strategic

·      Project and Partnership risk

·      The Council’s risk management approach and arrangements including a new ‘Risk Management Group’ which would be set up following approval of the strategy.

·      Roles and responsibilities including Senior Risk Officer and Senior Information Risk Officer (SRO and SIRO)

Members praised the design of the strategy document and passed on their thanks to the Design Team.

Moved by Councillor Clive Moesby and seconded by Councillor Duncan McGregor

RESOLVED – That the Council’s new approach to Risk Management be approved and the new Risk Management Strategy be adopted.

REASON FOR DECISION:

The Council was committed to maintaining, developing and actively monitoring the operation of a formal and systemic approach to Risk Management.

OTHER OPTIONS CONSIDERED:

Under relevant good practice and to facilitate the development of robust managerial arrangements, the Council was required to have in place a robust risk management framework. The alternative of not adopting the new strategy was not recommended.

(Joint Strategic Director – People)