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Agenda item

Corporate Risk Register Update and Updated Risk and Opportunity Management Strategy

Purpose

To update the Committee on the changes to the Council’s corporate risk register at the end of 2021/22 Q2 and put before members a revised Risk and Opportunity Management Strategy for approval.

 

Recommendation(s)

a)    To note the updates to the Council’s corporate risk register; and

b)    Approve the Risk and Opportunity Management Strategy at Annex C.

Minutes:

The Chair handed over to Strategic Support Officer for Land, Legal and Property at Publica to present the item. It was outlined that this item would come back to future committees as a regular item.

 

It was outlined that the Corporate Risk Register highlights problems that would impact the Council as a whole.

 

The Committee asked about the reduction of the risk of flooding due to the introduction of Flood Wardens, and what the assurance could be provided for the reduction of this risk.

 

The Deputy Chief Executive updated committee on flood forum that was held on 22nd November and noted that a progress update would be given to the Committee by email.

 

The Committee questioned the use of flood wardens and how this can offset the risk of events occurring. The Chair clarified this was about the impact of flooding and ensuring a quick response to events are given.

 

The Committee outlined how some of the risks were very similar, but presented as separate points. The Deputy Chief Executive acknowledged the similarities and agreed to examine a way to combine some of these risks if appropriate.

 

The Committee raised a question over the Recovery Investment Strategy but following consultation with the Deputy Chief Executive, this was deemed to be the remit of  the Overview and Scrutiny Committee.

 

The Committee raised the issue of the shortage of planning officers which could potentially impact the Council given the public interest in these matters.

 

The Deputy Chief Executive explained that a number of risk registers existed and as the risk score increased, they would be incorporated on to the Corporate Risk Register.

 

The Committee asked about risk and the relationship with Publica in terms of how risks are managed.

 

Deputy Chief Executive indicated that whilst there are some risks that are shared between the Council and Publica, most risks are managed internally by Publica and risk are raised with the Local Management Team on an exception basis.

 

The Committee raised the issue of cyber security in light of Member briefings given, and asked if the briefings could be repeated.

 

The Deputy Chief Executive undertook to ensure a second date was set for all Members.

 

The Committee raised the issue of the title of the title of the document being a ‘Risk and Opportunity Register’, and what opportunities were going to be examined.

 

The Deputy Chief Executive informed the Committee that the documents provided  included a revised Risk and Opportunity Register, and suggested that the Committee examine this.

 

The Strategic Support Officer then went through the new Risk and Opportunity management strategy. This also included the new Publica Risk and Opportunity Management Guide. Apologies were given for this arriving on the day of the Committee.

 

It was explained how the document provides for the review and management of the risks on the register. Any opportunities identified would be brought to the next meeting.

 

The Strategic Support Officer explained a section on fraud, bribery and corruption would be included in the final section of the Strategy.

 

The Committee was unsure as to the future status of the register and how it might change.

 

The Strategic Support Officer informed the Committee that the register would stay as it is as long as the Committee was happy with this format. Reporting of opportunities would be an iterative process with the Members able to feed in to the development of the reporting.

The Committee noted the format of the document, but questioned who this might be designed for, outside of the auditors.

 

The Chair noted in response that it was important to have a strategy, and it is a first step in identifying the risks and opportunities which was important for management to note.

 

The Deputy Chief Executive outlined that Publica colleagues use this document for culture and process change within Publica.

 

Voting Record

 

5 for, 0 against, 1 abstention, 1 absent

Supporting documents:

 

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