Issue - meetings

Corporate Risk Management

 

 

Meeting: 13/12/2023 - Audit and Governance Committee (Item 34)

34 Corporate Risk Management pdf icon PDF 271 KB

Report of the Executive Director of Corporate Resources and Customer Services

Additional documents:

Minutes:

The Committee considered the report of the Executive Director of Corporate Resources and Customer Services which provided an update on the Corporate Risk Register as detailed in Appendix A to the report.

 

The Chief Internal Auditor (CIA) presented the report indicating that the ownership of the content of the Corporate Risk Register rested with the Strategic Leadership Board.

 

The CIA indicated that since the meeting held on 6 September 2023, following a comprehensive review that sought to remove any duplication and place a clear focus on the key risks facing the Council, the 15 risks below were identified for de-escalation after rescoring and moved to the relevant Service Risk Registers as appropriate or removed as they were covered elsewhere:

 

·       Sandway Homes – Financial sustainability beyond 2023/24

·       Failure to adequately invest in the Highway network and associated assets

·       Condition of Assets

·       Impact of Cost-of-Living crisis on residents and demand for Council services

·       Market failure of social Care provision across Adult and Children’s Services

·       Inflation and cost of care (Adult Social Care) impact on budget availability

·       Climate Emergency – Strategic Risk

·       Lack of SEND specialist placements for children and young people

·       Requirement to work collaboratively with Sefton New Directions to review delivery model, in order to meet market requirements and promote financial sustainability; identify opportunities and future risk mitigation

·       Education service not being able to meet statutory compliance at an acceptable level

·       Adult Social Care contracted rates are no longer sufficient to secure placements

·       School debts transferring back to the Council in the event of them being forced into academy status or closing

·       Inability to recruit required Adult Social Care staff and retention of current workforce

·       The provision of Children’s Social Care is not financially sustainable

·       Failure to adequately maximise the benefits of digital growth to the local community and businesses

 

The CIA informed the Committee that there were on-going initiatives to embed risk management within the Council including Assurance Mapping and implementing the three lines model.

 

Members of the Committee asked questions/commented on the following issues arising from the report and verbal update:

 

·       Was there any particular threat from AI to the Council and were there any benefits?

·       Feedback on Sandway Homes and its classification in regards the Corporate Risk Register

·       Concerns around market changes relevant to Adult and Children’s Social Care

·       MLEC Project Risk Register

 

 

Following consideration of the report, the Committee received a verbal update by the Executive Director of Corporate Resources and Customer Services on SEND and High Needs.

 

RESOLVED: That

 

(1)

the updated Corporate Risk Register, the nature of the major risks facing the Council and the controls and planned actions in place to mitigate these risks, be noted;

 

(2)

the progress on the embedding of risk management within the Council be noted;

 

(3)

the Executive Director of Corporate Resources and Customer Services be thanked for his verbal update; and

 

(4)

the Executive Director of Children’s Social Care and Education be invited to a future meeting of the Audit and Governance Committee to discuss matters raised in  ...  view the full minutes text for item 34