Issue - meetings

Strategic Risk Register Update

Meeting: 26/07/2021 - Audit and Risk Committee (Item 7)

7 Strategic Risk Register Update pdf icon PDF 271 KB

[To receive an update on the strategic risk register.]

 

Additional documents:

Minutes:

Hayley Reid, Regulatory Governance Manager, presented the report on the Strategic Risk Register Update.

 

The group were advised that the Strategic Risk Register was aligned with the Councils ‘Relight Out City Strategy’, that would be considered as part of the Councils ongoing risk profile.

 

A copy of the Councils Risk management framework was included within the report and risks were identified as red included;

 

Reputation / Loss of Public Trust;

Social Care Providers Adults;

Risk Unemployment;

MTFS.

 

In response to a query regarding Strategic Risk Register benchmarking to establish the risk appetite for the Council. The group were advised that each risk identified has a target score underpinned within the risk register and defined within the Strategic Risk Register, rather than a collective appetite. Further detail regarding the Councils risk appetite would be provided at the next Audit and Risk Committee.

 

In response to a query regarding the risk impact from Covid-19 on WV Living, the group were advised that the risk would diminish over time and would be removed from the risk register soon.

 

Resolved:

That the Strategic Risk Register update be noted.