RESOLVED: That Finance, Audit and Risk Committee noted and provided recommendations to Cabinet on this mid-year Risk Management governance update.
RECOMMENDED TO CABINET: That Finance, Audit and Risk Committee commented on the changes to the Risk Management Framework and recommended to Cabinet that they approve the changes.
REASONS FOR REFERRAL:
(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.