Decision details

Ian Young, Director of Governance, Finance and Public Services, presented a report on the development of a Risk and Opportunity Register.

At its meeting on 28 September 2015 the Committee had received an update report in relation to a number of key issues that had started to emerge in 2014/15 which were also relevant to the External Auditor's Value for Money conclusion.  The report highlighted that whilst risk management happened 'in practice', there was a need for the Council to embed a systematic approach to identifying strategic risks and opportunities. It was therefore reported that a proposed corporate approach to reporting in relation to these issues was being developed and would be provided to the Committee for consultation.

The report now presented set out the proposed approach (Appendix 'B') and included at Appendix 'A', a draft Risk and Opportunity Register for the Committee's consideration.  Members were invited to suggest other areas for inclusion on the Register.

It was noted that the Register would be regularly updated and presented to Management Team, as well as to the Cabinet Committee on Performance Improvement and to the Audit and Governance Committee in accordance with the timetable provided.

Resolved:

(i)  That the draft Risk and Opportunity Register, as set out at Appendix 'A', be noted.

(ii)  That the proposed approach to reporting on risk and opportunities, as set out at Appendix 'B', be endorsed.