Issue - meetings

Risk management - Q2 2020/21

Meeting: 17/12/2020 - Executive (Item 56)

56 Risk Management - Quarter 2 2020/21 pdf icon PDF 164 KB

Executive Member for Corporate Policy and Resources.

Additional documents:

Decision:

RESOLVED:

 

1.    That the Executive note the Q2 update on risk management provided by the report and in the report and accompanying annexes.

 

2.    That the Executive approve the new strategic risk identified in Q2, and as detailed in annex 3, for inclusion on the strategic risk register.

Minutes:

The Executive Member for Corporate Policy and Resources, Councillor Lewanski, introduced a report which provided an update on risk management in Quarter 2 of 2020/21.

 

Councillor Lewanski explained that annex 1 of the report provided an update on all strategic risks. During the Quarter, one new strategic risk had been identified in relation to the proposed reform of the planning system. No strategic risks had been identified for closure during the Quarter. In terms of operational risks, Councillor Lewanski explained that there was one red rated operational risk as detailed in the exempt annex.

 

The Audit Committee considered the Quarter 2 risk management report at their meeting on 26 November 2020 and had made no formal observations or recommendations to the Executive.

 

In response to a question from a Visiting Member, the Leader of the Council, Councillor Brunt, confirmed that the amber rating given to SR10, Marketfield Way, was a balanced view of the risk considering the timescale and interests in the development.

 

RESOLVED:

 

1.    That the Executive note the Q2 update on risk management provided by the report and in the report and accompanying annexes.

 

2.    That the Executive approve the new strategic risk identified in Q2, and as detailed in annex 3, for inclusion on the strategic risk register.


Meeting: 26/11/2020 - Audit Committee (Item 21)

21 Risk Management - Quarter 2 2020/21 pdf icon PDF 178 KB

      i.        To note the Quarter 2 2020/21 update on risk management provided by the report and associated annexes and make any observations to the Executive.

    ii.        To note the newly identified strategic risk detailed in the report and in annex 3 and make any observations to the Executive.

Additional documents:

Minutes:

Councillor Lewinski introduced the item stating that the report provided an update on risk management in Quarter 2 of 2020/21 and the Annex showed the Council’s risks and their ratings.

 

One new strategic risk was identified in quarter 2 and this related to the proposed reform of the planning system, currently in White Paper stage. The full risk description was shown in Annex 3 of the report.

 

The Committee was pleased that financial sustainability had been updated to show the progress made. Organisational capacity and culture originally required more work, however the potential risk of becoming a unitary authority had currently been taken off the table.

 

The Committee considered information relating to the red rated operational risk within the exempt part of the meeting.

 

RESOLVED that:

 

(i)            The Audit Committee notes the Quarter 2 update on risk management provided by the report and associated annexes (including within the exempt part of the meeting); and

 

(ii)          the Audit Committee notes the newly identified strategic risk detailed in the report and in annex 3.