2022-09-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   12 SEPTEMBER 2022


                                        Attachment 1




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GENERAL COMMITTEE MEETING AGENDA                                                         12 SEPTEMBER 2022

                                                                                                 Attachment 1

               | ) |      NOOSA                                                         Council Policy
               me mi      Keele                                       ENTERPRISE RISK AND
                                                          OPPORTUNITY MANAGEMENT

               Corporate Plan Reference:                 Excellence as a Council
               Endorsed by Council:                     <Insert Date of Ordinary Meeting >
               Policy Author:                           | Governance Manager, Executive Services

              POLICY STATEMENT

              Managing risk and opportunity is part of good leadership and governance and is fundamental to how
              Council is managed at all levels. A robust framework which involves both risk and opportunity
              provides greater scope for innovation and possibility. Equally, Council recognises that innovation
              involves risks, and if managed and understood it can provide opportunities to create new ways to
              benefit the community and achieve Council's objectives.

              An important component of Council's culture is that risks and opportunities are considered a part of
              normal business activity and that risks are managed consistently and systematically within a context
              of regulatory obligations, competing resources, financial and community priorities.

              This Policy is formulated to align with the Local Government Act 2009 and section 164(1) of the
              Local Government Regulation 2012, which requires Council to keep a written record of:
                 a) risk exposure;
                 b) the extent to which the risks are relevant to financial management; and
                 c) the control measures adopted to manage those risks and comply with the Australian Standard
                   AS/NZS ISO 31000:2018 Risk Management Guidelines (“the Australian Standard”).

              This Policy sets out Council’s overall intention with respect to risk and opportunity management and
              is part of a broader suite of Risk and Opportunity Management documents. As such, the Enterprise
              Risk and Opportunity Management Framework (EROMF) and related tools also support the
              Australian Standard and provide organisational context.

                                               -         Framework -

              This Policy will be reviewed annually.

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