Issue - meetings

The Executive Member for Finance and Governance submitted a report for Executive’s consideration.

The report set out the Risk and Opportunity Policy 2023-2026. The policy formed part of the corporate governance policy framework underpinning the Council’s Strategic Plan and set out how the Council would ensure that risks were effectively managed, and opportunities exploited to deliver strategic priorities for the town.

The Risk and Opportunity Management policy sets out the Council’s approach to risk

and opportunity management to ensure there was an effective, consistent and joined up approach to risk across the Council that would:

·        ensure that proactive risk and opportunity management was embedded within the culture of the Council, and was integral to business planning and performance management;

·        ensure that the risk and opportunity management cycle and associated processes were implemented consistently and proportionately across the Council; and

·        communicate the Council’s approach to risk and opportunity management to all employees and stakeholders.

OPTIONS

No other options were submitted as part of the report.

ORDERED That Executive approve the Risk and Opportunity Management Policy 2023-2026 which was appended to the report at Appendix One.

REASONS

The policy was being updated to ensure the content remains relevant and complied with latest legislation and best practice.

Decisions relating to Agenda Items one to seven will come into force after five working days following the day the decision(s) was published unless the decision becomes subject to the call in procedures.