This report presents the updated Risk Management Policy and Procedure document for consideration and onward submission to Policy Committee in September 2022. The document has been updated to reflect best practice and to incorporate a formal Risk Management Procedure including clear instructions on how to utilise the SharePoint site to record and update risks. The aim of the Policy is to identify, analyse and appropriately manage potential threats and opportunities posed by risk.

Paul Harrington, Chief Auditor,briefed the meeting on a report on the updated Risk Management Policy and Procedure document for consideration before onward submission to Policy Committee on 21 September 2022.  The document had been updated to reflect best practice and to incorporate a formal Risk Management Procedure including clear instructions on how to utilise the SharePoint site to record and update risks.  The aim of the Policy would be to identify, analyse and appropriately manage potential threats and opportunities posed by risk.  The updated Risk Management Policy and Procedure was appended to the report for comment.

Resolved:     That the Council’s Risk Management Policy and Procedure, as attached to the report at Appendix 1, be recommended for adoption by Policy Committee at its meeting on 21 September 2022.