Agenda item

To consider the report of the Head of Finance, Procurement & Commercial Services

Consideration was given to the Risk Management Framework Update report as contained on pages 33-88 of the Book of Reports, which set out details of the operation of the Risk Management Framework over the last twelve months.

The Chairman invited the Risk and Insurance Officer to present the report to the Committee.

Comments and Questions were raised as follows:

·         Incorporating Risk Management with Internal Audit being an advantage

·         Risk Management being part of the Members and Officers induction process.

·         External Consultant carrying out risk review and the report to be brought to the Committee by the Officer. No additional cost to WLBC. 

·         Wished to thank the Risk and Insurance Officer for all the work done and changes made, making the process easier for Members to understand.

RESOLVED:     A. That the continuing effective operation of the Risk  Management Framework as detailed in the annual report 2021 (Appendix A), be noted.

B. That the proposed amendments to the Risk Management Framework Policy & Strategy (Appendix B) and Toolkit (Appendix C), be endorsed for approval by Cabinet in March 2022.