Issue - meetings

To provide the Executive with a status report of the revised Strategic Risk Register as at the end of the second quarter 2019/20.

Decision

That the Executive note the Strategic Risk Register as at the end of the second quarter 19/20.

None.

Since the previous report to the Executive on the Strategic Risk Register, the document had been reviewed and updated by the Corporate Leadership Team and had identified that there had been some positive movement in the Risk Register.

A number of control actions have now been progressed or completed and the key movements are outlined as follows:

·         Risk 1. Failure to engage & influence effectively the Council’s strategic partners, council staff and all stakeholders to deliver against the. Council’s Vision 2020/2025 - Vision 2025 was being developed, evidence based gathered, key priority areas emerging and work was progressing with CLT and Portfolio Holders.  All member briefings scheduled to be held in November 19, followed by staff, business and residents consultation

·         Risk 4. To ensure compliance with statutory duties and appropriate governance arrangements were in place – Executive approval of investment in a new IT infrastructure had been secured with implementation to be completed by December 2019.

·         Risk 6. Unable to meet the emerging changes required in the Council’s culture, behavior and skills to support the delivery of the council’s Vision 2025 and the transformational journey to one Council approach – One Council launched with Service Managers.  Project Boards with ToR’s and work programme for four pillars established.

·         Risk 7. Insufficient levels of resilience and capacity to deliver key strategic projects and services – development of Vision 2025 would focus on ensuring sufficient capacity existed to deliver legacy and new schemes.  A new approval process incorporating Portfolio Holders was being developed to allow for resources to be flexed as and when new priorities/projects emerged.

·         Risk 8. Decline in the economic prosperity within the City Centre – the Council had been successful in securing approval for a Heritage Action Zone Bid, work had now commenced on development of the detailed scheme.  In addition the Council had been awarded Towns Fund Capacity funding to support the development of a Town Deal Board and Investment Plan.  GLLEP Pipeline Funding Bids had been submitted for City Centre vibrancy schemes.

·         Risk 9. Failure to mitigate against the implications for the Council following the outcome of Brexit – Nominated Brexit Officer in place, internal working group continued to implement actions in relation to regulatory services, staffing, communications, business continuity, community leadership etc.

Whilst positive progress had been made in relation to control actions, and these continued to be implemented and risks managed accordingly, this had not resulted in any changes to the assessed levels of likelihood and impacts. The levels of assessed risks were summarised in paragraph 3.4 of the report.