Agenda item

Report of the Town Clerk.

Members received a Report of the Town Clerk relative to the annual report of the Committee.

The Chair commended the report to the Committee and drew attention to the changes to the informal risk challenge session process. The sessions would now be held on an exception basis and managed in a dynamic and agile way. The Deputy Chair (external) commented that it was important how these sessions were provoked; the report mentioned Internal Audit activity but the Deputy Chair felt that the Committee should also be able to request a session if it was felt necessary.

A Member drew the Committee’s attention to the reports mention of the Annual Governance Statement. They felt that it was important to highlight governance issues surrounding democratic accountability in the City of London Corporation, particularly due to the impact of postponing the 2021 Common Court elections due to the pandemic.

RESOLVED, that – Members agree the 2021/22 Annual Report of the Audit and Risk Management Committee for onward submission to the Court of Common Council.