Issue - meetings

The Committee was presented with the updated Risk Management Strategy that set out the Council’s risk tolerance threshold.    The 2019 strategy review had been informed by a number of considerations, including findings of internal audit and horizon-scanning for emerging risks within the public sector.The risk-threat tolerance threshold was still valid but an equivalent threshold for opportunity risks was proposed.

RESOLVED:

That the revised Risk Management Strategy as detailed at Appendix 1 of the report be approved.