Issue - meetings

Members heard from the Section 151 Officer that the Risk Management Strategy Questionnaire had been drafted to enable the authority to understand it’s position on risk appetite and tolerance in advance of drafting the Risk Management Strategy, which would be brought to Committee in September 2024. The questionnaire contained a range of statements for Members and Officers to complete and would show the organisation’s aversity to risk. Some of the questions were commercial in nature and Officers were looking to decommercialize some of the questions. The results of the questionnaire would inform and shape the Risk Management Strategy and reflect the views of the Council.

Members considered the questionnaire and requested more background information to the questions and financial background to risk. Members suggested different methods to collecting questionnaire responses and if sliders could be used for individuals to provide their risk opinion on a scale. The Section 151 responded that a summary on the financial backdrop and Medium-Term financial position could be provided on the first page and Officers would include explanations on each of the questions.

RESOLVED that Members considered the content of the questionnaire at Appendix One and approved the questionnaire for dissemination to Management Team, Corporate Policy and Resources Committee, Prosperous Communities Committee, and Governance and Audit Committee.