21.1 Overview
Within the framework of corporate governance, Risk Management is concerned with evaluating the measures in place to identify risks and then taking action to manage those risks effectively.
21.2 Responsibility/Accountability
21.2.1 Chief Executive and Leader of the Council (click here for all responsibilities for the Chief Executive)
Ensuring that the Council operates effective corporate governance arrangements and for completing an annual certificate to this effect.
21.2.2 All (click here for all responsibilities for all)
Be aware of the Risk Management Policy Statement and any impact it has on daily operations.
Consider the risk and insurance implications of their actions, including never admitting liability or offering compensation.
Notifying Section 151 Officer of changes that may impact on risk management or insurance.
21.2.3 Cabinet (click here for all responsibilities for the Cabinet)
Approving the Authority’s Risk Management policy statement, strategy and Risk Register.
Reviewing the effectiveness of Risk Management.
Ensuring that proper insurance exists where appropriate.
21.2.4 Directors (click here for all responsibilities for Directors)
Collectively lead the development and improvement of the Risk Management policy..
Ensure that the Risk Management Policy is implemented by Business Unit Heads.
21.2.5 Head of Law and Corporate Governance (click here for all responsibilities for the Monitoring Officer)
Arranging corporate insurance cover, through external insurance and internal funding, including all appropriate employees in a suitable fidelity guarantee insurance policy and offering insurance cover to schools in accordance with Fair Funding arrangements.
Arranging contingency cover for schools, where existing cover is considered inadequate.
21.2.6 Business Unit Heads (click here for all responsibilities for Business Unit Heads)
Collectively develop risk management controls and the Risk Management Policy.
Ensuring that all employees are aware of the Council’s Risk Management policy statement, and that risk management processes are followed within their service areas and are regularly reviewed.
Compile a Risk Register identifying and profiling the risks affecting their service(s).
Accountable to Directors’ Management Team for the implementation of the Risk Management Policy within their Business Unit.
Comply with the Council’s Risk Management Strategy and Policy.
21.3 Policy (click here for detailed procedures)
The Council will implement and follow a Risk Management policy.
(click here for the Risk Management Policy statement.)
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