The Executive Director of Resources submitted a report setting out at Appendix 1 the updated Risk Management Policy and Procedure for approval.

The report summarised the changes to the Policy which had been updated to reflect best practice and to incorporate a formal Risk Management Procedure.  Under the revised Policy the Council would be operating a more comprehensive risk management system, which will provide more robust governance and hence increased reassurance, and the report set out how this would be achieved.  The revised Policy and Procedure had been endorsed by the Audit & Governance Committee at its meeting on 19 July 2022 (Minute 6 refers) for onward submission to Policy Committee.

Resolved –

          That the updated Risk Management Policy and Procedure attached at Appendix 1 be approved.