Issue - meetings

Review of the Financial Planning Team Manager

The Financial Planning Team Manager presented the report to Members, detailing the current proposals for the Corporate Risk Register moving forward.  It was proposed that an updated register be produced that clearly stated the specific risks with the causes and impacts more fully described, along with the accountable owners and the timescales for completing the mitigating actions.  Members were informed that a newly formatted register and an updated Risk Management Strategy would be presented to the next meeting for approval.

In response to a question from Councillor S Sheahan, the Financial Planning Team Manager explained that she would be looking at how the identified risks would be mitigated and it would be given rating score too.  Councillor S Sheahan wanted to understand more about what was generating the risk as well as mitigating actions put in place and asked for such details to be included.  The Financial Planning Team Manager took the comments on board.

Councillor S McKendrick was particularly interested in more information in cases where the residual risk has changed and what the results were regarding the impact of the risk.  Councillor S Sheahan added that information on whether the risk goes up and down over time would also be useful information.

Councillor D Harrison believed that the Committee had considered a report previously on the safeguarding risk due to the concerns of Members.  The Financial Planning Team Manager was unaware of the report but agreed to look into it further and circulate any information found to all Members of the Committee.

By affirmation of the meeting

RESOLVED THAT:

a)     The Quarter 2 Corporate Risk Update be noted.

b)     The updated approach to risk management be approved.