RESOLVED: That Finance, Audit and Risk Committee:
(1) Noted and provided comments to Cabinet on the mid-year Risk Management Governance update, including progress made with completion of audit recommendations.
(2) Commented on the type of Risk Management training they would like to receive going forward.
(3) Noted the review of the Performance and Risk Management Group Terms of Reference.
RECOMMENDED TO CABINET: That Cabinet consider the comments provided from Finance, Audit and Risk Committee on the mid-year Risk Management Governance update, including progress made with completion of audit recommendations.
REASONS FOR RECOMMENDATION:
(1) The responsibility for ensuring the management of risks is that of Cabinet.
(2) This Committee has responsibility to monitor the effective development and operation of Risk Management.