Issue - meetings

Purpose of Report

To provide a status report on the revised Strategic Risk Register as at the end of the second quarter 2023/24.

Decision

That the Council’s strategic risks as at the end of quarter 2 2023/24, be noted.

Alternative Options Considered and Rejected

None were considered. The Strategic Risk Register contained the key strategic risks to the delivery of the Council’s medium and longer term priorities. A failure to monitor the action that was being taken to manage those risks would undermine the Council’s governance arrangements.

Reasons for the Decision

An update of the Strategic Risk Register developed under the risk management approach of ‘risk appetite’, was last presented Members in August 2023 and contained fourteen strategic risks as detailed within paragraph 3.1 of the officer’s report.

Since reporting to Members in August, the Strategic Risk Register had been refreshed and updated by the Risk Owners and Corporate Management Team which had identified some positive movement in the Risk Register.

The updated register was contained with Part B of this agenda, it contained fourteen strategic risks along with details of relevant mitigations.

The fourteen risks identified were detailed within paragraph 3.1 of the officer’s report.

Each risk included a number of control measures in order to avoid, seek, modify, transfer or retain the risks. These included actions already in place and further actions required with the relevant timescales for implementation. These control actions continued to be implemented and the risks managed accordingly.

Each risk was evaluated in terms of the level of assessed risk (likelihood and impact), taking into consideration any changes in control measures and the wider environment in which the Council operated. While there had been some positive movements in terms of the implementation of control measures, this had resulted in there not being any change to the assessed level or likelihood of any of the risks.

The assessed level of each of the fourteen risks was outlined at paragraph 3.4 of the officer’s report.

The refreshed register would be performance monitored on a quarterly basisand  reported to both Performance Scrutiny Committee and Executive.