Agenda item

(Director of Resources) To consider the attached report (FPM-027-2014/15).

The Director of Resources presented a report regarding the Council’s Corporate Risk Register.

The Corporate Risk Register had been considered by both the Risk Management Group on 23 February and Management Board on 25 February 2015. These reviews identified amendments to the Corporate Risk Register but no additional risks or scoring changes. They included;

(a)          Risk 1 – Local Plan

Key dates within the risk had been updated to reflect the current position. The consideration of hiring a PR firm to assist with the delivery of the next statutory consultation had been added as a Required further management action.

(b)          Risk 2 – Strategic Sites

The Risk Owner had been amended from Colleen O’Boyle to Derek Macnab as this now fell within Neighbourhoods Directorate. The Effectiveness of controls/actions had also been updated with the identified sites to advise the progress to date.

(c)          Risk 4 – Finance Income

The Vulnerability had been amended due to the possible changes to government policy for New Homes Bonus and the local retention of NDR after the general election in May 2015. The key date had also been amended to 7 May 2015.

(d)          Risk 5 - Economic Development

The Risk Owner had been amended from Colleen O’Boyle to Derek Macnab. The Effectiveness of controls/actions had been amended to advise that it was too early to establish the effectiveness of the new management and posts.

(e)          Risk 6 - Data/Information

The Risk Owner had been amended from Bob Palmer to Colleen O’Boyle. Two additional Required further management actions had been added. These were the consideration for the purchase of a new system for handling Data Protection and Freedom of Information requests and that data sharing and fair processing notices be reviewed and standardised.

The Cabinet Committee felt that an additional risk should be added regarding the House Building Programme and concern around the risk of having to repay the Government any unspent 1-4-1 Right to Buy capital receipts and the possible loss of some or all of the HCA Affordable Housing Grant. The Director of Resources advised that he would have to consider where this new risk would be placed on the risk register.

Recommended:

(1)          That Risk 1 – Local Plan be updated with the Key dates and an additional Required further management action;

(2)          That Risk 2 - Strategic Sites be updated inthe Effectiveness of controls/actions and the change in Risk Ownership to Derek Macnab;

(3)          That Risk 4 – Finance Income be updated to include vulnerability and Key dates;

(4)          That Risk 5 – Economic Development be updated in the Effectiveness of controls/actions and the change in Risk Ownership to Derek Macnab;

(5)          That Risk 6 – Data/Information be updated to include an additional Required further management action and the change of Risk Ownership to Colleen O’Boyle;

(6)          That a new Risk be added to the Corporate Risk Register for the House Building Programme;

(7)          That the amended Corporate Risk Register be recommended to Cabinet for approval;

(8)          That the updated Risk Management Strategy and Policy Statement be recommended to Cabinet for adoption; and

(9)          That the updated Terms of Reference of the Risk Management Group be noted.

Reasons for Decisions:

It was essential that the Corporate Risk Register was regularly reviewed and kept up to date.

Other Options Considered and Rejected:

Members may suggest new risks for inclusion or changes to the scoring of existing risks.