Issue - meetings

Report of Councillor P R Kerry, Deputy Leader of the Council and Portfolio Holder for Strategic Leadership and Finance with responsibility for Risk Management.

RESOLVED - That Cabinet approved the adoption of the new/reviewed Risk Management Strategy and Action Plan 2024.

REASONS FOR DECISION - The Council is committed to maintaining, developing, and actively monitoring the operation of a formal and systemic approach to Risk Management.

OTHER OPTIONS CONSIDERED AND REJECTED – Under relevant good practice and to facilitate the development of robust managerial arrangements, the Council is required to have in place a robust risk management framework - the alternative of not providing this was therefore rejected.

Please note that this was not a Key Decision and so can be implemented with

immediate effect by officers.

Cabinet was asked to approve and adopt the revised Risk Management Strategy 2024 and its Action Plan. The report explained that the revised Strategy had been prepared following on from a comprehensive external assessment of the Council’s Risk Management Strategy. This assessment revealed that across a range of themes and out of a maximum score of 5, the Council was assessed at level 4 overall, with the Council scoring level 5 for its Culture and Leadership. This was the highest possible score and classed as transformational.

Given the outcome of this external review, much of the existing framework and process could remain unchanged. However, some amendments were made to explain better the changing risk environment and to update the Action Plan to reflect the continual improvement requirements that had been identified.

Cabinet welcomed the Strategy and the Council’s high performance on addressing Risk Management. Members agreed to support the Strategy.

RESOLVED - That Cabinet approved the adoption of the new/reviewed Risk Management Strategy and Action Plan 2024.

REASONS FOR DECISION - The Council is committed to maintaining, developing, and actively monitoring the operation of a formal and systemic approach to Risk Management.

OTHER OPTIONS CONSIDERED AND REJECTED - Under relevant good practice and to facilitate the development of robust managerial arrangements, the Council is required to have in place a robust risk management framework - the alternative of not providing this was therefore rejected.