Issue - meetings
Risk Management Strategy and Annual Review
Meeting: 10/10/2018 - Council (Item 34)
34 Risk Management Strategy and Annual Review 
PDF 62 KB
Additional documents:
- Appendix A - Risk Management Policy and Strategy, item 34
PDF 539 KB
- Appendix B - Corporate Risk Register Summary, item 34
PDF 374 KB
- Appendix C - Corporate Risk Register (Detail), item 34
PDF 188 KB
Minutes:
Meeting: 25/07/2018 - Standards and Audit Committee (Item 23)
23 Risk Management Strategy and Annual Review PDF 62 KB
Additional documents:
- Appendix A - Risk Management Policy and Strategy, item 23
PDF 539 KB
- Appendix B - Corporate Risk Register Summary, item 23
PDF 374 KB
- Appendix C - Corporate Risk Register (Detail), item 23
PDF 188 KB
Minutes:
The Director of Finance and Resources submitted a report on risk management developments during the year 2017/18 and recommended for approval the updated Risk Management Policy, Strategy and Corporate Risk Register for 2018/19.
Extensive work had been carried out in early 2017 to complete ‘fact finding’ documentation supplied to be used in an insurance tender for all policies. Contracts had been awarded for seven years with an option for the Council to cancel the contract at the end of either year 3 or year 5. This process enabled the Council to achieve annual savings of £187k per annum while maintaining the levels of cover and excesses.
The Committee were informed of the key risks that the Council had faced during 2016/17, as set out in paragraph 7.1 of the officer’s report, and were advised of the work undertaken to mitigate the risks.
* RESOLVED –
1. That the progress made on developing the Council’s approach to risk management during 2017/18, be noted.
2. That the Committee recommends that full Council approve the Risk Management Policy, Strategy and the Corporate Risk Register for 2018/19.