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Risk management strategy

Below is an introduction to our risk management strategy statement together with a link to the document.

Introduction

Risk can defined as a threat that an event or action will adversely affect the Council's ability to achieve its objectives, perform its duties or meet expectations of its stakeholders.

Risk management is the systematic application of management policies, procedures and practices to the tasks of identyifying, analysing, assessing, treating and monitoring risk. This includes the application of Health and Safety Regulations in every working activity.

When our managment of risk goes well it often remains unnoticed. However, when it fails, the consequences can be significant and high profile. Effective risk management is required to prevent such failures.

Risk management is a key to the Council's corporate strategy with its activity aligned to both corporate and business plans.

The objectives of the strategy are to:

  • Define what risk management is about and what drives risk management within the Council.
  • Set out the benefits of risk management and the strategic approach to risk management.
  • Outline how strategy will be implemented.
  • Identify the relevant roles and responsiblities for risk management within the Council.

Corporate Risk Management Strategy October 2013 (PDF Document, 546.48 Kb)

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