Agenda item

Report of the Chamberlain.

Members received a report of the Chamberlain which provided the Committee with an update on the corporate and top red departmental risk registers, following the review by the Chief Officer Risk Management Group (CORMG) on 3 July 2018 and Summit Group on 25 July 2018.  

Members noted a new corporate risk; ‘Failure to deliver fire safety projects in the Barbican Centre’, would be the considered by CORMG on 10 October 2018..In addition Sir Nick Keyon, Manging Direction, Barbican Centre would be attending the  Committee’s November informal risk challenge session where Members might wish to discuss progress on managing this risk. CORMG would also be considered two other emerging risks on “Brexit for the City Corporation” and “Organisational change for corporate status.  

Members were reminded that CR02: ‘Loss of Business Support’ was a separate risk which focused on the potential causes for the loss of business support for the City of London.; at 11 (A) on this agenda.  Members asked about the impact of a change of government on CR02 and the Chamberlain agreed to refer this to the Remembrancer.

RESOLVED, that – the decision of the Summit Group to remove both CR19 IT Service provision and CR22 Barbican Fire safety risk from the corporate risk register be endorsed and the report be noted.