Issue - meetings

Risk and Opportunities Management Update September 2019

Meeting: 16/09/2019 - Finance, Audit and Risk Committee (Item 38)

38 RISK AND OPPORTUNITIES MANAGEMENT UPDATE SEPTEMBER 2019 pdf icon PDF 89 KB

REPORT OF THE SERVICE DIRECTOR - RESOURCES

 

A report to provide the Committee with an update on the Corporate risks and the proposed changes to these risks.

Additional documents:

Decision:

RESOLVED: That the review/changes to the Corporate risks for the quarter, namely:

 

·                Brexit risk to retain its current risk score of 9;

·                Managing the Councils Finances to retain its current risk score of 9, be noted.

Minutes:

Audio Recording – 32 Minutes 44 Seconds

 

The Service Director - Resources presented the report entitled Risk and Opportunities Management Update and advised that two risks had been reviewed:

 

·                Brexit risk

·                Managing the Council’s finances

 

The Service Director- Resources informed Members that both risks had retained their risk score of 9 and the updates were attached to the report.

 

The Service Director – Resources highlighted paragraph 8.2.1 on page 81 of the report.  He informed the Committee that the Climate Change risk had been updated and the risk score had been increased from 1 to 5.  He further advised that owing to the wide range of risks associated with Climate Change, that this should be reviewed again in response to the forthcoming climate change policy, which would allow for better consideration as to what the risk score should be and whether it was a Corporate or Service risk.

 

The following member raised questions:

 

·                Councillor Kate Aspinwall

 

In response, the Service Director- Resources reassured the Members that in relation to the Climate Change risk, the Council was not creating a policy to respond to a specific risk.

 

Councillor Sam North stated that he felt, since the joint administration, the Council were taking the Climate Change Emergency seriously which was very reassuring.

 

RESOLVED:

 

That the review/changes to the Corporate risks for the quarter, namely:

 

Brexit risk to retain its current risk score of 9.

Managing the Councils Finances to retain its current risk score of 9, be noted.