Issue - meetings

(Finance and Economic Development – Cllr J Philip) To approve the current Corporate Risk Register, to consider any new or emerging risks and to approve the revised Risk Management Policy and Strategy (C-017-2023-24).

(1)           That the Cabinet approved the current Corporate Risk Register and considered that the risks were appropriately scored.

(2)           That the Cabinet considered there were not any new or emerging risks to the Corporate Risk Register that should be referred to the officer Risk Management Group.

(3)           That the Cabinet approved the revised Risk Management Policy and Strategy.

Councillor J Philip (Finance and Economic Development Portfolio Holder) reported that the Audit and Governance Committee had reviewed risk management and the Corporate Risk Register at its meeting on 30 November 2023. The Portfolio Holder emphasised the importance of delivering a balanced budget. The Overview and Scrutiny Committee would be looking at the draft budget on 12 December 2023. The Council had to have a balanced budget and that was a risk. In relation to Shared Services if business was being delivered then it was working. Shared Services had the potential to help EFDC going forward and in the future.

Councillor C McCredie remarked that climate change (reference SUS001) was in the red category so would this meet the target of net zero in 2030? The Portfolio Holder replied that the Risk Register showed the likelihood against the impact of risk and more detail was given on page 20 of the agenda for SUS001. This was what EFDC could achieve and mitigate the risk as much as possible.

The report set out the options considered, if any, and the reasons for the recommendation and the decision.

            Decision:

(1)            That the Cabinet approved the current Corporate Risk Register and considered that the risks were appropriately scored.

(2)            That the Cabinet considered there were not any new or emerging risks to the Corporate Risk Register that should be referred to the officer Risk Management Group.

(3)            That the Cabinet approved the revised Risk Management Policy and Strategy.