Issue - meetings

a) The 2025/26 quarter one corporate risk register and actions being taken to control and mitigate risk be noted.

b) The Risk Management Strategy be reviewed and approved.

The Executive Member for Financial Sustainability presented the Strategic Risk Register Monitoring Q1 2025/26 and updated Risk Management Strategy. Members heard that a review of the Risk Register had been conducted by the Leadership Team, examining both risk scores and mitigations. Appendix A detailed the findings, which remained largely unchanged.

The Executive Member for Financial Sustainability said that the main adjustment was a reduced risk score for key contractor failure, following the start of the new waste contract. The accompanying Risk Management Strategy was reviewed annually and remained mostly unchanged. The main update was an enhancement to the risk scoring framework, shifting from a 3x3 to a 4x4 matrix to allow more detailed risk evaluation.

The Executive Member for Financial Sustainability proposed that the amended recommendation be supported. The Executive Member for Communities seconded the proposal.

Members welcomed the reduction in risk for key contractor failure and thanked the Director of Finance, Risk and Performance and his team for their efforts in compiling the report, acknowledging the time and work involved.

The motion to support the recommendation, having been proposed and seconded, was put to the meeting and upon a vote being taken, was declared CARRIED.

RESOLVED – that (A)the 2025/26 quarter one corporate risk register and actions being taken to control and mitigate risk was noted; and
 

(B)   the Risk Management Strategy was reviewed and approved.

The Director for Finance, Risk and Performance introduced the report which was the first quarterly update for 2025/26. He said that no new risks had been added to, nor any risks removed from the register – with the only change being the score related to the commencement of the new waste contract as this reduced the position of potential financial loss etc.  

The Director for Finance, Risk and Performance said that the report asked members to reapprove the Risk Management Strategy (as at Appendix B), which had not been updated for several years, and now set out the approach the Council took in how it identifies, assesses and managed risks. He added that the only change was the scoring matrix, which had been updated from 3x3 matrix to 4x4 matrix.

The Chair thanked the Director for Finance, Risk and Performance for the report.

There were no questions from the Committee.

It was moved by Councillor Connolly and seconded by Councillor Williamson that that the recommendations, as detailed, be approved. After being put to the meeting and a vote taken, this motion was declared CARRIED. 

RESOLVED – that the 2025/26 quarter one corporate risk register and actions being taken to control and mitigate risk be noted, and;

(B) that the Risk Management Strategy be reviewed and approved.