Issue - meetings

(i)       to approve the updated Risk Appetite Statement as attached at Appendix A;

(ii)      to note the progress to embed the Risk Appetite Statement during 2021; and

(iii)      to note the training and engagement activities for 2022.

The Committee had before it a report by the Chief Officer – Governance which presented the updated Risk Appetite Statement (RAS).

The report recommended:-

That the Committee -

(a)      to approve the updated Risk Appetite Statement as attached at Appendix A;

(b)      to note the progress to embed the Risk Appetite Statement during 2021; and

(c)      to note the training and engagement activities for 2022.

Members thanked officers for the concise, easy to read and understand report.

Members sought additional information on the risk appetite and whether the change was due to having a more robust risk management process or a pragmatic approach, wherein the Chief Officer – Governance advised that it was a mixture of both with the risk management system being stronger as well as more focus on the risks and mitigations against the risks.  He further advised that the new risk appetite statement reflected where the Council were at in relation to the management of risk.

The Committee resolved:-

to approve the recommendations contained in the report.