Issue - meetings

Report by the Chief Operating Officer

41.1     The Committee considered a report by the Chief Operating Officer.

41.2     The Chief Operating Officer noted that the report is for the period of 1 October 2021 – 31 December 2021 and therefore does not include risks in relation to the Russian invasion of Ukraine. Immediate work was completed in light of the invasion to review the risk around cyber security, contracting and investments, and more recently around safeguarding of refugees. These risks will be assessed as part of the Quarter 4 report.

41.3     The Committee discussed:

41.3.1  The strategic risks which have changed RAG rating since the previous quarterly report.

41.3.2  The number of strategic risks on the risk register which are being managed and monitored.

41.3.3 The risks relating to increasing prices of materials and inflation.

41.4     In response:

41.4.1  The Chief Operating Officer noted that summary commentary for risks that have changed RAG rating can be included within the next quarterly report.

41.4.2  The Chief Operating Officer explained that the number of risks on the Strategic Risk Register is currently manageable and all risks are monitored at high level and continuously reviewed.

41.4.3  The Chief Finance Officer explained that risks relating to inflation and market supply will be included within the RPPR report for Cabinet. It was noted that the budget was positive with no new savings for 2022/23 and the finance team continue to model inflation.

41.5     The Committee RESOLVED to note the report.

Report by the Chief Operating Officer

18.1     The Committee considered a report by the Chief Operating Officer, which presented the Strategic Risk Register for Quarter 1 2021/22.

18.2     The Committee discussed potential amendments to the Climate risk, to include adaptation and quantification of the financial impact of severe weather.  The Committee also requested inclusion of a brief explanation when overall risk ratings are amended or removed from the register.   

18.3     The Committee RESOLVED to note the strategic risks, and the mitigations put in place by chief officers.