Issue - meetings

In accordance with recommended best practice, a copy of the current corporate risk register is provided for review by Members. An update on the Corporate Risk Management Policy and Strategy is also provided.

The committee was responsible for the corporate register which contained the first tier of risks deemed significant   for monitoring by the Council’s Corporate Board and Corporate Committee. The Chair and Vice Chair had also reviewed this list before the meeting to aid their understanding of how the risks were chosen for the corporate risk register and to be further aware of the nature of risks contained in directorate registers.

The committee noted that the responsibility for compiling the corporate risk register and policy lay with the Head of Audit and Risk Management.  However, the management of the risks identified and added to the corporate risk register and directorate risk registers lay with individual directors of the council   who were fully aware of their responsibility for monitoring and tackling these risks.

On first observations some risks appeared to warrant a higher rating than others. Also there was a comment about the objectives in mind when compiling the risks as they seemed mixed. It was explained that, although a degree of calculation was required in the assessment of risk, this was also mainly a judgement call. In particular the residual risk score would be considered by the council’s Corporate Board and adjustments made when considering the likely impact of the risk. It was agreed that the Head of Audit and Risk Management check when CEMB RO14 had transferred from the directorate risk register to the corporate risk register.

RESOLVED

1. That the Corporate Risk Register be received and the committee’s comments be taken forward.

2. That the current position regarding the Corporate Risk Management Policy and Strategy be noted.