Agenda item - Risk Management Strategy 2014 - 2017
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Agenda item
Risk Management Strategy 2014 - 2017
- Meeting of Audit & Standards Committee, Tuesday, 25th March, 2014 4.00pm (Item 89.)
- View the background to item 89.
Extract from the proceedings of the Policy & Resources Committee meeting held on 20 March 2014 (to follow); together with a report of the Executive Director of Finance & Resources (copy attached).
Minutes:
89.1 The Committee considered a report of the Executive Director of Finance & Resources in relation to the Risk Management Strategy 2014-2017 which had been approved by Policy & Resources Committee on 20 March 2014; the report was referred the Audit & Standards Committee for information.
89.2 In response to Councillor Sykes the Risk Manager explained that there were two sides to risk and opportunity and using the risk method with scores and colour coding it was possible to prioritise issues and provide for risk escalation so that the council could make decisions on how to make the best use of its resources. It was noted that the primary aim of the risk management strategy was to enable prioritisation and management of risk. It was also added by the External Auditor that there was a role for the Council to consider its own level of risk appetite.
89.3 RESOLVED – That the Committee note the report.
Supporting documents:
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Extract from P&R Item 89, item 89.
PDF 64 KB -
Risk Management Strategy 2014 - 2017, item 89.
PDF 72 KB
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Enc. 1 for Risk Management Strategy 2014 - 2017, item 89.
PDF 250 KB