Issue - meetings

The Interim S151 Officer presented the Quarterly Risk Update consideration by Members.

The Cabinet were reminded that the Council had received a ‘no assurance’ audit in relation to ‘Risk Management’ in February 2022 and as a result of this an action plan had been approved by the Corporate Management Team (CMT) and implemented.  Included in the action plan was the establishment of an Officer Risk Board. Members were informed that meetings of this Board had taken place initially on 8^th April 2022 and two further meetings had taken place on 22nd June 2022 and 21st September 2022 to embed processes. An additional requirement included within the action plan was that each department nominated a representative and that these representatives met on a quarterly basis and reported back to management teams.

The up-to-date Risk Register had been submitted for consideration of the Audit, Standards and Governance Committee in October 2022 and this formal reporting was also provided to the Corporate Management Team.

It was reported to Members that over the six-month period since the action plan had been in place the number of risks had reduced from 82 to 75. It was clarified that should ‘green’ risks, which were considered more day-to-day risks remain on the register for more than two iterations of the Officer Risk Board meeting cycle, they would be removed, which would result in a significant change to thenumber of risks.

A significant risk had been added to the Corporate Risk register in light of the Levelling Up Funding and UK Shared Prosperity Funding particularly since these grants were time limited.

RESOLVED that

1)    the present list of Corporate Risks be approved and;

2)    the progress made on the Action Plan approved by CMT on 16th March 2022 be noted.