Decision details

Cabinet had before it a report, and NOTED, * from the Corporate Manager for People, Governance & Waste on the Corporate Risk Report.

The Corporate Performance and Improvement Manager outlined the contents of the report with particular reference to the following:

·         The Corporate Risk Register contained the strategic risks which were most likely to impact the corporate priorities of Mid Devon District Council. It was reviewed at least quarterly by Corporate Managers and the Leadership Team and updated as required. It was then presented to the Audit committee and to Cabinet. Risks were managed on the Council’s corporate performance and risk management system, SPAR.

·         The corporate risks were presented on a risk matrix (heat map), Appendix 1. Information on each risk was presented in a standard template, Appendix 2. These risks have been determined by the Council’s Leadership Team in consultation with Corporate Managers and other Council officers.

Discussions took place regarding:

·         Narrative around the risk and how do the council define severity as 1 to 5 to understand the levels of severity.

Reason for Decision:

There were no direct financial implications arising from this report. However, risks which were not mitigated may have financial implications for the Council. Equally, the treatment of risk may require resources to be (re)allocated. Having a robust approach to risk management will continue to help the Council minimise future financial risks and implications. A number of the Corporate Risks being managed contain financial risk, such as CR7 Financial Sustainability.

Note * Report previously circulated.