Purpose

To approve the risk strategy and appetite statement

Decision

It was RESOLVED: -

1. 1      That Cabinet members noted the progress to improve strategic risk management in alignment with external recommendations, and the HM Government Orange Book, and noted the ongoing schedule of continuous improvement for the Councils’ joint risk management arrangements.
2. 2      That members supported the revised risk management strategy and policy, and in particular;
3. 2.1   The appended joint appetite statement;
4. 2.2   The revised scoring and guidance assurance criteria for financial impacts of risks.

REASON FOR DECISION

Babergh and Mid Suffolk Cabinets are responsible for Strategic Risk Management and approval of the joint Risk Management Policy and Strategy.

Alternative Options Considered and Rejected:

None

Any Declarations of Interests Declared: None

Any Dispensation Granted: None