Agenda item

Report of the Chief Strategy Officer.

The Committee received a report of the Chamberlain concerning an update on the corporate and top red departmental risk registers since they were last reported to the Committee in May 2024.

The following points were noted:

• The report highlighted the dynamic nature of risk reporting, where changes occur frequently. An apology was issued for a missed risk update related to tree maintenance, which was later communicated via email.
• There were health and safety concerns related to the art installation at the Barbican Centre. The London Fire Brigade conducted an inspection and recommended remedial actions, including dampening the installation to reduce fire risk.
• The corporation's appraisal target was 80%, it was noted that 81% had been achieved excluding institutions. Including institutions, the figure was 73%, with expectations for it to increase as more returns come in.
• The corporate risk CR39 focused on recruitment and retention, particularly in light of the new workplace attendance policy requiring a minimum of three days a week in the workplace.
• A risk related to casual staff and pensions has been de-escalated due to better information on the scale and numbers impacted.
• It was noted that Chief officers now have a standing objective related to risk management, and their performance will be monitored accordingly.
• Members were informed that a review of risk appetite and culture was underway, with a full report to be presented in the non-public section of the meeting.
• There is ongoing training for staff responsible for updating risks, and efforts are being made to improve the risk management system.
• The funding for tree maintenance was being reviewed to ensure resources are available for necessary activities.
• The tree maintenance risk has been escalated to the corporate risk register for a finite period due to its wide impact across the organisation.