Decision details

CAB 51/17 

Corporate Risk Register Update

Options Considered/Reasons for Decision

The Leader of the Council presented the latest update to the Corporate Risk Register.  A full review of the register had been undertaken since it was last reported to Cabinet; of the 14 risks in the register, 4 remained from the previous update, 2 had been closed, 2 had been updated, and 8 new risks had been identified.  There were 5 high and 9 medium risks, the detail of which were contained within the report. 

The Leader commented on the good news that Friars Walk was no longer classed as a significant risk.  Cabinet discussed the increasing risks relating to cyber security, and the work being done within the Council and the Shared Resource Service to ensure appropriate safeguards against cyber attacks. Cabinet commended the hard work of staff during a previous ransomware attack, which had had limited impact due to the robust systems in place.

The Head of People and Business Change confirmed that the register would be reported back to Cabinet regularly, incorporated into service plans, and regularly considered by the audit committee.

Cabinet discussed the ongoing financial risk relating to high cost out of area placements in Education and Children’s Services.  It was agreed that this should be examined further and considered for inclusion in the register.

Decision:

To note the contents of the Corporate Risk Register and request regular updates regarding the planned mitigating actions.

Consultation

Cabinet, Audit Committee, Corporate Management Team, Head of Law and Regulation, Head of People and Business Change, Head of Finance

Implemented By:   Chief Executive, Strategic Directors and Heads of Service