Agenda item

Report of the City Surveyor.

The Board received a report of the City Surveyor on the City Surveyor’s Departmental Risk Register. The City Surveyor informed the Board that the risks listed within the report would be subject to the review at the July meeting of the Audit and Risk Management Committee. The Chair highlighted that the City Surveyor’s department retained responsibility for risks which were not directly within the Department’s control.

A Member questioned the use of the term ‘likelihood’ in the Risk Register and asked for clarification on when these risks were likely to reduce. The Chair noted that these risks were largely subject to market forces and therefore not fully within the power of the City of London Corporation. The City Surveyor clarified that designation of the level of risk listed within the report were somewhat based off a subjective analysis but that further feedback would be provided to Members outside of the meeting.

RESOLVED- That the report be noted.