Received a report seeking the adoption of a Strategic Risk
Management policy, a change to the terms of reference of the
Corporate Monitoring Group Audit Committee and to existing working
arrangements for managing both insurable and non insurable
risk.
Agreed, in order to assist the process of embedding risk management
techniques into all aspects of the working of the Council in a
manner that enhances service delivery and protects the assets and
resources of the Authority, to:
- Endorse the Council’s draft Risk
Management Policy as attached at Appendix A;
- Recommend the Assembly to formally adopt the
Policy at its meeting on 6 July 2005;
- The addition to the terms of reference of the
Corporate Monitoring Group Audit Committee as detailed in paragraph
2.2 of the report;
- Note the establishment of a Corporate Risk Manager
post within the Internal Audit section, to be funded from estimates
previously committed to outsourced work undertaken in this area by
Deloittes; and
- The transfer of the Insurance Section from the
Financial Services Division to the Internal Audit Division of the
Finance Department.