RESOLVED:
That the Cabinet recommend to Council the adoption of the Risk Management Policy and the updated Strategic Risk Register.
REASONS FOR DECISION:
As set out in the report.
KEY DECISION:
Report to Cabinet and Full Council.
PORTFOLIO:
Leader.
ALTERNATIVE OPTIONS CONSIDERED/REJECTED:
As set out in the report.
DECLARATIONS OF INTEREST(S):
None.
DISCUSSION:
The Leader introduced the report and highlighted the importance of considering all strategic risks. Whilst eliminating all risks was not possible, the process of considering risk allowed the Council to understand and mitigate to a proportionate, efficient and sensible level.
The Insurance and Risk Officer reported that the Strategic Risk Register and Risk Management Policy were important parts of the overall governance of the Council. Risk management was a continuous process, allowing the Council to identify, understand and introduce appropriate mitigations.
A number of Members welcomed the new framework, as strong, dynamic and responsive in its approach. It was noted that with the recommendation to Full Council, there was a responsibility for all Members to be aware of its position in the organisation. With regard to the operational risk registers that sat below the strategic register, it was confirmed that these were held at both portfolio and service level and were regularly updated.