Purpose of Report
To provide the Executive with a status report of the revised Strategic Risk Register as at the end of the fourth quarter 2018/19.
That the Strategic Risk Register be noted.
Alternative Options Considered and Rejected
Reason for Decision
Two changes to the assessed levels of likelihood and impact of risks identified on the Risk Register, as follows:
· risk 4 – to ensure compliance with the statutory duties and appropriate governance arrangements were in place. Although a disaster recovery facility and procedure were in place, in light of aging infrastructure and the development of a new IT Strategy, a review of the IT disaster recovery arrangements and consistency with business continuity plans would be developed. This risk had therefore been increased slightly from Amber: possible/major to Amber: probable/major;
· risk 9 – failure to mitigate against the implications for the Council following the outcome of Brexit. A localised Brexit exercise had been undertaken by the Lincolnshire Resilience Forum with partners and organisations in February 2019. A working group had been established to understand impacts on residents and governance including current partnerships and contracts pending delay of the Brexit vote and implementation of Article 50, with an internal action plan developed and monitored through the working group. In light of this, the risk had decreased from Red: almost certain/major to Amber: probable/major.