Risk Management Policy Statement and Strategy
Risk Identification, Assessment and Registers
8.1 There will be a formal annual risk identification exercise undertaken as part of action plan setting for the year. This will identify key strategic and operational risks associated with the delivery of the action plan and corporate commitments.
8.2 Risk management will be embedded into the daily operations of the council, reports and decision making. Risk registers will be updated on a monthly basis with new, emerging, updated or closed risks.
8.3 All risks will be allocated a “Risk Owner” who will be responsible for ensuring that the risk is appropriately managed. Each strategic risk will be assigned to a member of the Senior Leadership Team.
8.4 Risk registers will be managed within a single system, including strategic, operational and project risks.