Mr Russell Heppleston, Deputy Head of Audit Partnership, and Mrs Alison Blake, Audit Manager, updated the Committee on Corporate Risk.

Mr Heppleston explained that this was the first time the Committee had considered the Risk Update since the Council had adopted the Risk Appetite Statement. Therefore the risks contained in the risk register had been updated to reflect the Council’s agreed risk appetite. A further change to the report was a section outlining the risks identified by key partners. This allowed the Council to anticipate any risks to key partners, and allowed shared insight on risks and the measures that could be taken to control them.

Mr Green confirmed that the financial risk to the Council as a consequence of the United Kingdom leaving the European Union was covered in the regular financial risk update reports that were considered by the Audit, Governance and Standards Committee. However if any Corporate Risks were identified around this issue they would be added to the Corporate Risk Register.

The Committee requested some changes to the report for the next time it was considered, including:

·  Further information about external risks that may affect the Council.

·  Some wording included on the effects on our residents and businesses if the risk to the Town Centre materialised.

·  Reference to other Housing Associations, not just Golding Homes, as there were a variety of different providers of social housing in the borough.

Mr Heppleston confirmed that he would ensure that he would include members in training and induction sessions around the risk register in the new municipal year.

RESOLVED:

That the Corporate risks (as set out in Appendix 1) are noted.