Issue - meetings

Risk Management - Corporate Risk Register Update

 

 

Meeting: 25/07/2024 - Audit and Governance Committee (Item 19)

19 Risk Management - Corporate Risk Register Update pdf icon PDF 265 KB

This report updates councillors on the position of the council’s Corporate Risk Register. The main updates are as follows:

·        No new risks were added

·        No risks were removed

 

Material updates for this quarter are outlined in sections 10 to 14.

 

Additional documents:

Minutes:

The Risk Manager presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'C' to these Minutes in the Minute Book.

 

report updated councillors on the position of the council’s Corporate Risk Register. The main updates were as follows:

·       No new risks were added

·       No risks were removed

 

The report was the quarterly report of the Council’s Corporate Risk Register as part of the continuing development of Risk Management and Reporting.

 

Each quarter each risk was reviewed according to the following criteria:

  • Does the risk title best describe the risk
  • Were there any additional mitigations to note
  • What key decisions were planned in the near future
  • What update could be provided on the risk for the quarter
  • What changes where there to each aspect of each aspect of risk scoring
  • Were there any changes to the overall risk strategy in terms of treatment of risk.

 

The Risk Register was a snapshot in time and subject to change.

 

The Risk Manager provided the following information in response to questions from the Committee:

 

  • BCP had not done a risk maturity exercise or assessment although BCP had reviewed themselves and compared themselves against other councils.
  • The Risk manager stated that they compare Risk registers and did a sense check in terms of BCP risk against other authorities.
  • The risk team would challenge and question risk scoring from a sense point of view and take into account any changes in environment. If there was new legislation that impacted on a particular risk or area that would be questioned also. It was noted that the Corporate Management Board managed the risk register and would be invited to the next meeting to enable more in-depth scrutiny.

 

RESOLVED that:

Members of the Audit and Governance Committee note the update provided in this report relating to corporate risks.