Agenda item

The Committee considered a report of the Corporate Director of Resources that shared the findings of a review into the strategic risk management process to determine whether it was fit for purpose and to recommend options for the future reporting of risk (for copy see file of Minutes).

The Risk, Insurance and Governance Manager reported that currently risks were reported to the Committee four times per year however as it was not possible to evenly spread them due to the committee dates and recess periods it was proposed to move to three review reports per year.  Members were assured that risks would continue to be managed and the Chairman and Vice-Chairman of the Committee would be appraised of any emerging risks in between meetings.

Resolved:

That Option 2 be approved and risks reported to Audit Committee three times per year.