Agenda item

Report of the Chamberlain. 

The Committee received a report of the Chamberlain in respect of the Corporate Risk Register Review.  Following the recent meeting of the Corporate Risk Management Croup (CORMG) and the Summit Group, the report recommended that 7 risks be retained on the Corporate Register, 2 be de-escalated and one be removed.

Some Members  asserted that ownership of the corporate risk register was ultimately for Members to decide/own.  The Chamberlain reiterated the previous debate, as recorded in the Minutes of 24 February 2015, i.e. that the register was owned by Summit and Members should be holding officers to account for the effective management of risk.  Both the minute of the previous discussion, and the Committee’s Terms of Reference, referred to the Committee as having a ‘monitoring and oversight role’ but Members felt that this supported their position.

Whilst the debate did not arrive at a clear conclusion, Officers and Members agreed that they would work collaboratively.   Members also welcomed the principle of the corporate risk register review.

Members referred the 3 suggested de-escalations on reputation, finance and workforce planning but there was a consensus on finance, pending further news on the Budget/ Spending Review.  

RESOLVED, that;

1.     CORMG  undertake a corporate risk identification session on 25 June 2015, with a view to recommending any new corporate risks to the Summit Group.  Any changes to the corporate risk register, as a result of this review, would be reported to the Committee in the next scheduled risk update report on 17 September 2015.

2.     CORMG consider further the de-escalation of workforce planning and reputation.

3.     The de-escalation of finance be deferred until the Autumn Spending Review, if the Budget not was not conclusive at this time.