Issue - meetings

The Cabinet Member for Finance, Performance and Core Services presented a report on the Risk Management Strategy. The Strategy was in response to the recognition that risk was an unavoidable consequence of everything the Council did and that embedding the principles of good risk management across the organisation was the key to success. The last risk management strategy was approved in 2012 and since then, the Council had transformed as an organisation, becoming less risk averse and focussing on enterprises that would promote economic growth in the Borough. He commended officers for producing a Strategy that was clear and concise and would enable good decision-making whilst still protecting the Council against taking unmitigated risks.

In response to questions regarding the role of individual Cabinet Members in risk management, the Cabinet Member referred to the ‘Key Roles and Responsibilities’ section of the Strategy which stated that Cabinet would have ultimate accountability to ensure that risks would be managed effectively; however, he expected that individual Cabinet Members would also have a key role to play in their day to day portfolio discussions and work with service managers.

Cabinet resolved to approve the Council’s Risk Management Strategy, as set out at Appendix 1 to the report.