Agenda item

The Committee will receive a report summarising the risk management activity in 2016 / 17 towards the achievement of the goals and objectives set out in the Council’s Risk Management Policy and to signpost further work to be undertaken in 2017/18.

The Committee received a report summarising the risk management activity in 2016/17 towards the achievement of the goals and objectives set out in the Council’s Risk Management Policy and to signpost further work to be undertaken in 2017/18.

The report, which was presented by the Risk and Governance Manager indicated that the Framework had been reviewed in 2017 and presented to this Committee on the 19^th April, 2017.  He continued to lead on the provision of Risk Management, Insurance and Corporate Governance activities within the Council and had some considerable success during the year. 

All risks were logged on the Council’s Strategic Risk Register and had been updated during 2016/17.  In addition, the Council’s Risk Profile had slightly decreased in a positive way.

The Risk Management database, Morgan Kai Insight was no longer in use for the recording of risks and had been replaced by a series of spreadsheets and it was likely that the Operational Risk Registers would be published within the Council’s document management system ‘SharePoint’ and it was hoped that this would assist in the dissemination of information.

The Annual Governance Review for 2016/17 had been completed and the subsequent Annual Governance statement had been signed by the Leader and Chief Executive in 2016.

The annual independent review of Risk Management arrangements in 2016/17 by Internal Audit had been undertaken in September 2015 and resulted an ‘adequate ‘ assurance opinion for the year.  Revised Indicators had been developed for 2017/18 to ensure that the Council’s decision not to participate in the Association of Local Authority Risk Managers and CIPFA Benchmarking Club for Risk Management did not affect the ability to measure performance.

RESOLVED:

(i)            That the Risk Management Annual Report, and the assurances provided, as part of the overall consideration of the Council’s control framework for the purposes of the Annual Governance Statement, be noted;

(ii)          That the Committee receive further periodic reports during the year to monitor the progress in achieving the actions identified for 2017/18.