Agenda item

The Service Director Finance will submit a report providing the Committee with assurance that, following review, the Risk Management Framework remains fit for purpose prior to the Framework being considered and approved by Cabinet.

The Service Director Finance submitted a report providing the Committee with assurance that, following review, the Risk Management Framework remained fit for purpose prior to the Framework being considered and approved by Cabinet.

It was important that the Framework remain up to date in order to accurately reflect the effective and efficient management of risks to the achievement of the objectives.  This was of particular relevance and importance given the Future Council programme.  The Framework (including the Risk Management Policy Objective Statement and Risk Management Strategy) were key elements in the implementation of good governance arrangements and formed key elements of the Council’s Annual Governance Review process.

The report gave details of the contents of the Risk Management Framework and outlined the importance that the Risk Management Policy Objective Statement and Strategy in seeking to ensure that any significant risks that could impact upon the delivery of the Authority’s objectives were appropriately managed in order to minimise the significant potential obstacles to the achievement of the corporate objectives.  It also focused on the development of the Risk Management Policy Objective Statement and Strategy and the contribution this would make to the embedding of a risk management culture throughout the Council.

In response to questioning, the Risk and Governance Manager commented that issues for further consideration included the devolution proposals and the potential implications of Brexit.

RESOLVED that the assurances of the Risk Management Framework and the fact that it remains fit for purpose be noted and the report be referred to Cabinet for consideration and approval.