2022-09-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   12 SEPTEMBER 2022




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GENERAL COMMITTEE MEETING AGENDA                                                           12 SEPTEMBER 2022

              COUNCIL POLICY — ENTERPRISE RISK & OPPORTUNITY MANAGEMENT

              PURPOSE

              The purpose of this Policy is to:
                    e  establish Council’s commitment to effective risk and opportunity management and to
                       provide a clear picture of what constitutes effective risk and opportunity management;
                    e  ensure that sound risk management principles and procedures are integrated into Council’s
                       strategic and operational planning and key decision-making processes; and
                    e  assign responsibility across Council in order to implement this Policy.

              Essentially, the intent of this Policy is to ensure Council adopts a systematic approach to the
              identification, management, mitigation and monitoring of risks and opportunities in alignment with
              this Policy, Council’s strategic objectives and the Australian Standard AS/NZS ISO 3100.
              SCOPE

              This Policy applies to Councillors, all Council employees, volunteers and authorised non-Council
              employees (e.g. contractors) who conduct activities and functions on behalf of Council (collectively
              referred to in this document as “employees’).

              TYPES OF RISK

              Council has identified three types of risk that form part of the risk management process:

              Levels           Description
              Strategic risks  Organisation-wide risks which may impact on Council’s ability to deliver on its
                               vision and strategic objectives as stated in the Corporate Plan.
              Service           Risks that may impact on Council's ability to function effectively and deliver its
              delivery risks   services and programs as stated in the Operational Plan and Branch Plans.
              Project risks     Risks that may impact on Council's ability to deliver a particular project or event
                               as stated in the Budget and Capital Works Program.

              RISK MANAGEMENT PRINCIPLES

              Risk management principles are the foundation for effectively managing risk across Council.
              Adherence to these principles enables Council to leverage opportunities, manage the effects of
              uncertainty on its activities and safeguard the community, the environment, property, resources and
              Council’s reputation.

              Principle            Commitment
               Creates value        Risk and opportunity management helps Council to identify, manage and
                                   control the inherent risk of its activities and decisions, and therefore aims to
                                    reduce adverse impacts on people, the environment, assets and a range of
                                    risk categories in the pursuit of its goals. It is applied in a targeted way and is
                                    used to improve decision-making, performance and resource allocation as
                                   well as identifying priorities and encouraging innovation, which in turn sets
                                   the tone for how Council will protect and create value through quality
                                   decision-making.

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