Decisions for issue RISK AND OPPORTUNITY MANAGEMENT (ROM): UPDATE

RESOLVED- That:

1)                 The Audit Committee notes that a new Strategic Register to replace the current Corporate Risk Register is to be prepared for the Audit Committee’s April 2011 meeting.

2)                 The Chair and Deputy Chair of the Audit Committee, between December and April 2011 will meet with the Risk Manager and Head of Audit & Business Risk to be provided with updates on:

·        Progress towards the new Strategic Register

·        Measures to enhance the integration of Risk Management as part of the new council structure

In order that the Committee have an awareness of developments and are assured that risk management and internal control is working effectively during the transitional period.

3)                 Note that the updated Risk Management Action Plans which detail work to address current Corporate Risks have been updated and will be reported under the name “Corporate Risk Management Action Plans Focus” in the confidential session of this meeting.