Strategic Risk Register
Co-ordinate a review Council's Strategic Risk Register with the new Council to identify and mitigate against any emerging risks and determine Council's risk appetite.
Quarterly updates
Q4 · Minor Disruption
Workshop with councillors to commence a review of Council's Enterprise Risk and Opportunity Management Policy (EROMP) which includes Council's risk appetite is now scheduled for completion in FY25/26, with the support of Council's insurance provider (Regional Risk Coordinator). An update on Council's Strategic Risk Register will form part of the upcoming workshop. This financial year, the Councillors were reminded of the EROMP and to consider risk factors in their overall decision- making processes.
Q3 · On Track
Workshop with councillors to commence review of Council's Enterprise Risk and Opportunity Management Policy which includes Council's risk appetite levels will be scheduled this FY, with the support of Council's insurance provider (Regional Risk Coordinator). Update on Council's Strategic Risk Register will form part of the upcoming workshop.
Q2 · On Track
Workshop with councillors to commence review of Council's current Enterprise Risk and Opportunity Management Policy which includes Council's risk appetite levels will be scheduled this FY, with the support of Council's insurance provider (Regional Risk Coordinator).
Q1 · On Track
Council's Strategic Risk Register has been independently reviewed by Council's insurer in 2024. The Register will be further reviewed/enhanced by EO Internal Audit and Corporate performance and A&R Committee. In 2025, a comprehensive review of Council's Enterprise Risk and Opportunity Management Policy will be undertaken in conjunction with Councillors and Council's insurer. This will included reviewing Council's risk appetite levels.
Where this sits
Initiative 5.5.2 is from the 2024–25 operational plan and works towards Excellence Objective 5.5: Governance systems.
This initiative is from a past year and is no longer being updated.