Decision details

Risk Management Update

Decision Maker: Audit Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

The report of the Management Team provided an update on the risk management process and the Strategic Risk Register (SRR).

 

Members were advised that the Covid-19 outbreak and its ongoing impact across the Borough Council’s service areas, businesses and the wider community had been added to the SRR.  A number of risks had been re-categorised as RED and included:

 

-          Financial position/budget deficit

-          Brexit impact and economic uncertainty (impacted by the coronavirus pandemic)

-          Corporate Strategy

-          Savings and Transformation Strategy

 

A schedule of ongoing risks and risks identified by Service Management Teams and Management Team since the last report to this Committee in January 2020 were set out in Annex 2 of the report.

 

Members noted that a number of current mitigation measures set out in Annex 1 had been overtaken by events.  For example, the likelihood of a No Deal Brexit.  However, Members were assured that the risks to the organisation were reviewed and monitored regularly. 

 

RESOLVED:  That the escalation of a number of key risks to RED (summarised above and set out in paragraph 1.3.4) as a consequence of the coronavirus pandemic be noted and acknowledged. 

Publication date: 05/08/2020

Date of decision: 27/07/2020

Decided at meeting: 27/07/2020 - Audit Committee

Accompanying Documents: