Issue - meetings

Purpose of Report

To provide the Executive with a status report of the revised Strategic Risk Register as at the end of the second quarter 2018/19.

Decision

That the report be noted.

Alternative Options Considered and Rejected

None.

Reason for Decision

A comprehensive review of the Strategic Risk Register had been undertaken by the Council’s Corporate Management Team and Assistant Directors. A number of further control actions had now been progressed or completed and key movements were noted as follows:

·         risk 3 – failure to deliver the Towards Financial Sustainability Programme whilst ensuring the resilience of the Council. Continued monitoring of the phase 5 programme with development of phase 6 proposals was now in progress. The development of a high level commercial strategy would be drafted alongside the development of an investment strategy for property acquisition scheduled for completion in December 2018, with linkages to organisational development and leadership development to be explored in March 2019;

·         risk 4 – failure to ensure compliance with statutory duties and functions and having appropriate governance in place. An internal audit had been completed with actions allocated which were being refined by the Business Continuity Planning Group;

·         risk 6 – unable to meet the emerging changes required in the Council’s culture, behaviour and skills to support the delivery of the Council’s Vision 2020 and the transformation journey to the ‘One Council’ approach. Further work would take place to review the People Strategy in line with ‘One Council’ by the Corporate Management Team.

It was reported that a new risk had been added to the Strategic Risk Register in respect of decline in the economic prosperity within the city centre.