Report on Risk Management Policy and Strategy to teh Audit Committee on 11 March 2010

Manchester City Council Item No 10 Audit Committee 11 March 2010 REPORT FOR RESOLUTION COMMITTEE Audit Committee DATE: 11 March 2010 SUBJECT: Risk Management Policy and Strategy REPORT OF: City Treasurer ___________________________________________________________________ PURPOSE OF REPORT To present to Audit Committee the Risk Management Strategy and Policy that has been refreshed and updated during 2009/10. RECOMMENDATIONS Audit Committee are requested to formally endorse the updated and refreshed Risk Management Strategy and Policy. FINANCIAL CONSEQUENCES FOR THE CAPITAL AND REVENUE BUDGETS: None CONTACT OFFICERS Tel Number E~Mail Address Richard Paver 234 3564 r.paver@manchester.gov.uk Tom Powell 234 5273 t.powell@manchester.gov.uk BACKGROUND DOCUMENTS None WARDS AFFECTED N/A IMPLICATIONS FOR KEY COUNCIL POLICIES Anti-poverty Equal Opportunities Environment Employment None None None None - 2 - Manchester City Council Item No 10 Audit Committee 11 March 2010 1. Introduction 1.1. Manchester City Council’s Risk Management Strategy and Policy has received annual review and refresh since 2005. This latest iteration of the Strategy and Policy explains the Council’s approach to risk management and contains the main priorities for development for the current year. 1.2. This policy and strategy clarifies the Council’s intent in further developing risk ...