To consider the status of the council’s corporate risk register in order to monitor the effectiveness of the performance, risk and opportunity management framework.

The directorate services team leader presented the Q3 corporate risk register which had been presented to Cabinet in February.   

It was highlighted that one risk had been added and one removed since the committee had last received the register. 

In response to a query from a committee member in relation to the transfer of money from the severe weather reserve to the Hereford transport package project, the chief finance officer confirmed that there was sufficient funding held in reserves for severe weather events.    The severe weather reserves would have been run down due to the recent snow events and there were also general reserves which could be used.    The peer challenge had recommended that the reserves be looked at. 

The remit of the committee was to satisfy itself that an appropriate system was in place and operated to ensure that risks were appropriately assessed and reported.   In order for the committee to assure itself that the escalation / de escalation of risk was being appropriately assessed in line with the performance, risk, opportunities (PROM) framework, it was agreed that the committee would receive a one-off report which would attach the directorate risk registers. 

The directorate services team leader reported that changes to the PROM would be presented to cabinet for approval shortly.   Changes included making the escalation process clearer and stronger and reviewing the scores and entries in the corporate risk register on a monthly basis.   It was agreed that details of the changes to the PROM would be included in next report.      

RESOLVED

THAT the report be noted