Agenda item

RESOLVED UNANIMOUSLY, that –

Members of the Audit & Risk Management Committee wish to place on record their sincere appreciation to –

ALDERMAN IAN LUDER

for the dedication he has shown in all aspects of his work on their Committee in his three years as Chairman. Ian’s experience outside the Corporation has brought valuable expertise to the Committee’s work resulting in tangible improvements to the Corporation’s audit and risk management processes.

WITH IAN’S LEADERSHIP, the Committee has exercised the highest level of independent challenge and oversight of the adequacy of risk management, internal controls and the financial reporting frameworks.

THROUGH IAN’S GUIDANCE, the Committee has played a key oversight role in ensuring that the Corporation’s risk management framework and policies are operating effectively. Through the Chief Officer Risk Challenge Sessions, Ian has led thoughtful and productive discussions with Chief Officers to enhance the maturity of risk management across the Corporation.

UNDER IAN’S CHAIRMANSHIP, the Committee has witnessed a demonstrable increase in engagement with risk management, both with Members through Deep Dive reviews of significant corporate risks, and on the part of officers. Moreover, the Committee has seen improved engagement with the work of internal audit across departments, driving departmental engagement with the internal audit process and with implementation of recommendations.

TO STRENGTHEN THE RELATIONSHIPS with London’s Local Authorities, Ian established the London Local Authority Audit Chairs’ meetings, which has provided valuable opportunities for Chairs of Audit & Risk Management Committees to share knowledge, experiences, and best practices for audit and risk management oversight across London.

FINALLY, THE COMMITTEE WISHES TO PLACE ON RECORD its sincere thanks to Ian for his commitment to the Committee’s cause and for championing the Committee in all areas of his work in the Corporation. His colleagues wish him the very best for the future.