Issue details

The current Risk Strategy was developed in 2007 and although changes have been made in the interim, the current pace of development with Council services requires an update and change of approach particularly in terms of the Council’s appetite for risk and how current and emerging risks are identified, evidenced and controlled. Consequently, the Council’s Risk Management Framework and Strategy has recently been fundamentally reviewed and comprehensively updated into a new draft by the Internal Audit and Risk Manager, in liaison with Corporate Leadership Team, Senior Management Group, Corporate Governance Group and other key stakeholders of the Council.

This has been completed to ensure that the details reflected within the document are up to date and complement the activities currently underway in updating risk management guidance and raising awareness of risk across the Council.

The Framework/Strategy sets out the Authority’s overall position regarding its approach to risk management and, in detail, outlines the expected arrangements to be in place to ensure there are adequate risk management processes across the Council. This includes the updated arrangements for Risk Management reporting and responsibilities.
The Executive will be asked to approve the updated Framework and Strategy.