Issue - meetings

Risk Management

Meeting: 26/07/2021 - Audit Committee (Item 32)

32 Risk Management pdf icon PDF 120 KB

This report provides an update on the risk management process and the Strategic Risk Register.

 

Additional documents:

Minutes:

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

 

A schedule of ongoing risks and risks identified by Service Management Teams and Management Team since the last report to this Committee in April 2021 were set out in Annex 1 of the report.  Of the six risks categorised as RED at that time, all remained RED with the exception of ‘Elections’ which had since been removed from the SRR.

 

Brexit/EU Transition Impact and Economic Stability continued to be identified as RED due to the unexpected impact of economic uncertainty around EU legislation on finances and resources and the economic implications of the pandemic on businesses and residents.

 

Particular attention was made to the risk of cyber security and the increase in cyber-attacks across the public industry nationally.

 

RESOLVED: That the updates to the Strategic Risk Register since the last iteration with particular emphasis on those five risks categorised as RED be noted.