Agenda item

Report of the Markets Director.

The Board received a report of the Markets Director, which provided Members with assurance that risk management procedures in place within the Markets Division are satisfactory and that they meet the requirements of the corporate Risk Management Framework.

Members noted that the risk had been amended to reflect the change to the Bill in that only two of the Markets would be moving.    If the Bill were to be unsuccessful, the revised MCP risk set out mitigations and next steps.  Members noted that the scoring had been constant as there had been no recent developments that might improve it.  The COO advised that the risk matrix scoring criteria is consistent across the City Corporation and offered to discuss this further outside of the meeting, should any Member have queries.

Members also noted that transport risks had been disaggregated following the accident at Smithfield, as it this would give each risk more accountability.

RESOLVED, that – the report be noted.