Issue - meetings

Annual report on risk management governance

Meeting: 11/07/2024 - Council (Item 28)

28 ANNUAL REPORT ON RISK MANAGEMENT GOVERNANCE 2023-24 PDF 425 KB

REPORT OF THE SERVICE DIRECTOR – RESOURCES

A year end report on the Councils' Risk Management Governance for 2023/24.

Additional documents:

Decision:

RESOLVED: That Full Council noted the report.

REASONS FOR DECISION:

(1) The responsibility for ensuring the management of risks is that of Cabinet, they are assisted by Finance, Audit and Risk Committee who monitor the effective development and operation of Risk Management.

(2) The Risk Management Strategy and Financial Regulations determine that Council should have overall oversight of Risk Management.

Minutes:

Audio recording – 1 hour 15 minutes 46 seconds

N.B Councillor Mick Debenham entered the Chamber at 20:48.

N.B Councillor Martin Prescott left the Chamber at 20:49 and returned at 20:52.

The Leader of the Council, Councillor Daniel Allen presented referral 8A from Cabinet and stated that the report was referred to Council to ensure that there was effective oversight.

Councillor Ian Albert, Executive Member for Finance and IT presented the report ‘Annual Report on Risk Management Governance 2023-24’ and stated that:

· The report highlighted the ongoing work on Risk Management over the last financial year and gave assurances to Council that it was operating effectively.

· A visual risk profile of key corporate risks was shown at paragraph 8.2.5 of the report.

· The high scoring service level risks were highlighted at paragraph 8.2.6 of the report.

· There had been a discussion at the Finance, Audit and Risk Committee (FAR) meeting regarding target risk scores, and in the future, these would be shown in more detail.

· The Senior Management Group carried out an exercise in relation to risks and specifically the risk of a cyber-attack. This had resulted in a cross-party Cyber Board being created and was highlighted in paragraph 8.5.3 of the report.

The following Members asked questions:

· Councillor Steve Jarvis

· Councillor Paul Ward

· Councillor Claire Strong

In response to questions, Councillor Albert advised that:

· The report reflected the work of the previous Labour and Liberal Democrat administration.

· The Risk Group were reviewing emerging risks, and more details of these risks could be added to future reports.

· Recruitment risks were stated in paragraph 8.2.6 of the report and were classed as service level risks.

· The comments from FAR related to corporate risks, and future consideration could be given to service level risks as well, and whether these should be included as corporate risks.

Councillor Daniel Allen proposed and Councillor Ian Albert seconded and, following a vote, it was: