Agenda item

Report of the Managing Director of Bridge House Estates & Chief Charities Officer.

Members received a report of the Managing Director of Bridge House Estates in relation to the establishment of a Charity Risk Management Protocol.

The Chairman requested that further information on the assets and net income of the charities be circulated to Members, to provide a better understanding of their proportionate size.

A Member commented that the first two paragraphs of part 5 (‘Risk Process’) of the draft Protocol, as set out in the appendix to the report, made sense, but that the remaining paragraphs in this section were unnecessary, as they restated portions of the City of London Corporation’s Risk Policy. The key was that the City Corporation’s corporate risk process should be followed, and duplicating versions of it left open the risk of divergence. In reply, an Officer said that there were some differences in wording, but it could be reviewed. The Member felt that specific exceptions to the corporate risk policy should be made explicit.

RESOLVED, that – Members:

• Note the progress of the CC Review as it relates to risk management; and
• Agree the policy principle of a Risk Management Protocol being established for all charities within scope of the CC review.