Agenda item

(Director of Resources) To consider the attached report (FPM-011-2016/17).

The Director of Resources presented a report regarding the Council’s Corporate Risk Register.

The Corporate Risk Register had been considered by both the Risk Management Group on 25 August 2016 and Management Board on 31 August 2016. These reviews identified the following amendments;

(a)   Risk 1 - Local Plan

The existing control and effectiveness had been updated to advise of the revision of the Local Development Scheme, which had been adopted by Cabinet on 21 July 2016. A key date of 18 October 2016 had been added for Council approval of the draft plan.

(b)   Risk 2 - Strategic Sites

The Effectiveness of controls/actions had been amended to advise the updated position for the key sites. Work continued to progress well at the Winston Churchill site. The purchase price for St. Johns had been agreed with Essex County Council and approval from the Secretary of State had been achieved. The contract for the Langston Road site had been awarded with work expected to commence in early September 2016. The Pyrles Lane Nursery had been added to the list of strategic sites following District Development Management Control granting consent for the redevelopment of the site and the associated required action advised that there was a need to produce a marketing strategy for the site.

(c)   Risk 5 - Economic Development

The existing control had been amended to reflect the Economic Development and Employment Policies being drafted for inclusion in the Local Plan. Amendment and update had been added as a required further management action, following consultation on the Local Plan.

(d)   Risk 6 - Data/Information

An additional required further management action had been added to advise of the need to update the FOI publication scheme and guide to information.

(e)   Risk 7 - Business Continuity

Following the updating of the Corporate Business Continuity Plan and a re-evaluation, it had been felt that the likelihood of disruption had reduced. To reflect this, the risk score had been amended from C2 (Medium Likelihood/Moderate Impact) to D2 (Low/Very Low Likelihood/Moderate Impact).

(f)    Risk 10 - Housing Capital Finance

There was little likelihood of now having to hand back one-for-one receipts due to the effectiveness of management action, including the purchase of street properties. The risk score had therefore been reduced from B2 (High Likelihood/Moderate Impact) to C2 (Medium Likelihood/Moderate Impact).

RESOLVED:

(1)          That the Existing control, Effectiveness of control and Key Date within the Action Plan for Risk 1 be updated;

(2)          That the Effectiveness of controls/actions and Required further management action for Risk 2 be updated;

(3)          That the Existing Control and the Required further management action for Risk 5 be updated;

(4)          That an additional Required further management action for Risk 6 be added;

(5)          That the Risk Score for Risk 7 be amended;

(6)          That the Risk Score for Risk 10 be amended;

RECOMMENDED:

(7)          That the amended Corporate Risk Register be recommended to Cabinet for approval.

Reasons for Decisions:

It was essential that the Corporate Risk Register was regularly reviewed and kept up to date.

Other Options Considered and Rejected:

Members could suggest new risks for inclusion or changes to the scoring of existing risks.