Report of the Chamberlain.
The Committee received a report of the Chamberlain which provided updates regarding the top risks within the Departmental Risk Register.
A Member asked whether the Corporation purchased insurance cover for cyber risks. The Chamberlain responded that she would return to the Committee with further details.
A Member asked if the medium-term financial outlook would be improved by the Corporation’s decision to defer the Centre for Music. The Chamberlain responded that the Barbican renewal costs needed to be scoped out first before a definitive savings figure could be confirmed.
In response to a separate query, the Chamberlain confirmed that a consultation concerning Business Rates was expected in the autumn. It was anticipated that multiple options would be examined, and the Corporation would respond formally when the time came.
Business Rates was included a main component with the wider MTFP Risk on the Departmental Register.
RESOLVED – that the Committee noted the Report.