The Council is committed to the achievement of its vision and Five Year Plan objectives. In doing so, the Council realises that it will face all manner of risks.
There are many definitions of risk and risk management. For the purposes of this strategy the following definition of risk is used:
“an uncertain event or set of events which, should it occur, will have an effect on the achievement of objectives.” (Cabinet Office)
Risk management is the process by which risks are identified, evaluated and controlled. It is a key element of the Council’s governance framework.\
Risk Management strategy
The risk strategy sets out the Council’s approach to the management of risk focussing on the delivery of its key objectives. It will be subject to a review every three years to ensure it continues to be relevant to and supportive of the Council structure and services.