Agenda item

To consider a referral from Cabinet regarding Risk Management Update and Annual Repot on Risk Management 2017/18.

RESOLVED: That the Annual Report on Risk and Opportunities Management 2017/18, as set out at Appendix B to the report, be approved.

REASON FOR DECISION:  To comply with the Risk and Opportunities Management Strategy, which stipulates that an Annual Risk Management report is taken to Council.

The Council considered the Minute of the meeting of the Cabinet held on 19 June 2018, in respect of the Risk Management Update and Annual Report on Risk Management 2017/18. A copy of the report considered by the Cabinet was included with the agenda, as were the following appendices:

Appendix A - Corporate Risks

Appendix B - Annual Report on Risk Management 2017-18

The Executive Member for Finance and IT (Councillor Cunningham) introduced the report. He advised that Council was being asked to approve the Risk and Opportunities management report for 2017/18 and drew attention to the following:

The Council had a long standing formal approach to the identification and management of Risk in our operations with the most recent iteration of this approach being the Risk and Opportunities Management Strategy 2017/2020. This strategy required an annual report to Council on the operation of the system.

All managers within the Council were responsible for the proper identification and management of the risks and opportunities relevant to their operations and the system was overseen by the Controls, Risk and Performance Manager and the Risk Management Group.

Reports on the operation of the system wee received quarterly by the Finance, Audit and Risk Committee who referred changes and issues to Cabinet.

This report covered the following areas:

Section 3

Outlined changes to the major corporate risks during the year and the resultant actions taken.

Section 4

Highlighted the general approach to managing these risks.

Section 5

Covered the way in which the Council mitigated some of the risk through insurance and identified changes to the nature of our insurance during the year.

Section 6

Was an important section covering business continuity plans and was especially apposite during the year under review as the Council transferred its main operations from Town Lodge back to the DCO.

It was intended to update the resilience plan during the coming months now that this transfer was complete.

Section 7

Noted a couple of Health and Safety issues arising as part of the transfer of staff back to DCO that had since been addressed.

Sections 8 and 9

Considered the recommendations of SIAS as part of their review of the functioning of the service during 2016/17.

One of these, relating to the review of the structure of the Risk Management Group, remained outstanding, but would now be dealt with following the completion of the Senior Management Restructure.

Risk Management was critical to the effective management of any organisation and the Council had an effective Risk Management regime in place.

It was moved by Councillor Julian Cunningham, and seconded by Councillor Lynda Needham, that the recommendations contained in the report be approved.

Following debate, and upon being put to the vote, it was

RESOLVED: That the Annual Report on Risk and Opportunities Management 2017/18, as set out at Appendix B to the report, be approved.

REASON FOR DECISION:  To comply with the Risk and Opportunities Management Strategy, which stipulates that an Annual Risk Management report is taken to Council.