Administration and General Order No. AD/1/TBC

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Administration and General Order No. AD/1/TBC"

Transcription

1 COUNTY DURHAM AND DARLINGTON FIRE AND RESCUE SERVICE Administration and General Order No. AD/1/TBC CORPORATE RISK MANGEMENT POLICY 1. INTRODUCTION 1.1 County Durham and Darlington Combined Fire Authority provide services to a diverse range of people and organisations, in an ever changing environment. In these circumstances the potential for disruption to services or loss/damage to assets from a vast range of risks is inherent. It is therefore essential that the Authority takes appropriate action to minimise the potential for loss or damage through effective risk management. 1.2 The Authority recognises that risk management is an essential component of effective corporate governance. The process should be continual, embedded within the culture of the Service and provide a focus for the whole of the organisation. 2. POLICY STATEMENT 2.1 Risk management is the process of identifying significant risks to the achievement of the organisations strategic and operational objectives, evaluating their potential consequences, and implementing the most effective way of controlling them. 2.2 The Authority is committed to embedding risk management through effective leadership and the development of a risk aware culture. 3. OBJECTIVES 3.1 Effective risk management will assist the Authority to deliver on its objectives and will ultimately enable the Authority to Have increased confidence in achieving its desired outcomes; Manage threats to acceptable levels; Make informed judgements about embracing new challenges and opportunities; Page 1 of 7

2 Anticipate and respond to changing social, cultural, environmental, and legislative requirements; (e) Safeguard the employees, the public and others affected by the Authority s activities by preventing injuries, damage and loss. 3.2 These objectives will be achieved by Raising the awareness and integrating risk management into the culture of the organisation; Incorporating risk management into the decision making, business planning and performance management processes; Allocating roles and responsibilities with clear reporting lines; Monitoring risk management and corresponding control arrangements on a regular basis. 4. RISK APPETITE AND RISK TOLERANCE 4.1 The Authority s corporate aims and objectives are influenced strongly by our risk appetite. Risk appetites and tolerances dictate the nature and level of risks that are acceptable. 4.2 Risk appetite represents the risks that we are prepared to take in the delivery of our corporate objectives and fulfilment of our vision 4.3 Risk tolerance represents the threshold of risk that is acceptable based on the capabilities and resources to manage the identified risks. 5. DEFINITIONS 5.1 Risk is the uncertainty of an event occurring that could have an impact on the achievement of objectives. 5.2 Qualitatively, risk is defined as being proportional to the expected impact which can be caused by an event and to the probability of this event occurring. The greater the impact and the more likely the event, then the higher the overall risk. 5.3 Risk = Likelihood of an event x Impact when it occurs 5.4 Residual risk is defined as the exposure arising from a specific risk after action has been taken to manage it and making the assumption that the action is effective Page 2 of 7

3 6. ROLES AND RESPONSIBILITIES 6.1 Duties of the Combined Fire Authority Appoint a member champion who will act as the advocate to the Authority for effective risk management; Hold the Service Leadership Team (SLT) accountable for the effective management of risk; To ensure that funds and facilities are available to meet the requirements of the risk management policy. 6.2 The Chief Executive has the overall responsibility for County Durham and Darlington Fire and Rescue Service with regard to the implementation of the Service s Risk Management policy, including reference to the following main responsibilities To lead by personal example in their actions and decision making at work, in order to reinforce the principles of effective risk management; To monitor the administration of the policy; To advise the Combined Fire Authority of the development and priorities of significant risks, particularly the allocation of resources required, preventative measures undertaken and any other relevant matters. 6.3 Duties of the Service Leadership Team (e) (f) Ensure the adequate level of resources to implement this policy and any procedures that support its implementation; Monitor and Review the Corporate Risk on a regular basis including the scrutiny of mitigating actions; Take responsibility for risks in their area of responsibility; Identify areas of emerging risk from a local, regional and national perspective; taking cognisance of the National Risk and the Community Risk for County Durham and Darlington; Carry out a full review of review of the Corporate Risk on an annual basis; Ensure corporate risks are focussed on strategic priorities and managed through the IRMP. Page 3 of 7

4 6.4 Duties of the Service Management Team (Performance) Report to SLT periodically on updates to the Corporate Risk ; Report to SLT on risks that have been elevated from Section Risk s to the Corporate Risk, including patterns of risk, estimated cost to the Service if the risk was realised and the proximity (i.e. the timing of the risk, when it may happen and when its threat will cease); Scrutinise the mitigating actions to address risks; reporting on these actions to SLT on an exception basis; Scrutinise and determine which risks from Section Risk s should be elevated to the Corporate Risk and periodically notifying SLT of any risks that are added to, or removed from, the Corporate Risk. 6.5 Duties of Section Heads Identify and manage risks in their own section; Escalate perceived strategic risks to their Head of Service or SMT (P) for further assessment. 6.6 Duties of the Risk Audit Manager Periodically request the status of each risk from the Risk Owner (or appointed holder). Notification of the change of status of a risk shall be accompanied with information relating to the amended impact on the Service, any changes to the delivery mechanism, mitigating actions, proximity and the residual risk score. The day to day management of the Corporate Risk to ensure all data remains valid. Producing reports to all relevant stakeholders 6.7 Duties of all employees Identify risks in their own area of work Escalate perceived risks to their line manager for further assessment. Page 4 of 7

5 7. RISK REGISTERS 7.1 Four types of risk register are maintained by the Service: The Corporate Risk is the main register used to control and monitor the strategic risks facing the Service. Risks that are contained within the Corporate Risk are those risks that are identified as Key Business Risks, which comprise circumstances or factors which would have a negative impact on the operation of the Service if they were to occur. The Section Risk maintains risks that have been identified and which can be managed at a section level. Risks managed within each section risk register are not identified as Key Business Risks that need to be monitored through the Corporate Risk. Project Risk s maintain the risks associated with the completion of individual projects that the Service is progressing. Risks at this level are usually managed as part of the ongoing project risk management. If a project risk is deemed to be significant, then it will be escalated to the Section Risk and ultimately the Corporate Risk if required. The Community Risk is maintained by the Joint Emergency Liaison Group. The nature of the Community Risk may result in risks being included within Section Risk s and the Corporate Risk. 8. THE HIERARCHY OF RISK REGISTERS 8.1 Risks within the risk registers can flow vertically between each register as risks are reviewed, identified and re-scored. Risk Management within the Service is dynamic and risks within each register will change as the risk profile changes over time through implementation of mitigating actions or as the environment changes. Section Risk Corporate Risk Project Risk Page 5 of 7

6 9. IDENTIFICATION AND REVIEW OF RISKS 9.1 The identification of risks to the organisation is a fundamental aspect of the corporate planning cycle. On an annual basis, as part of the Authority s review of strategic priorities, existing risks are reviewed by the SLT and any new risks are identified. 9.2 Whilst the identification of risks by SLT is a fundamental component of risk management, ongoing risk management and risk identification by all managers is essential to the ongoing management of the process. 9.3 The process of risk management will identify significant risks to the Service and communities of County Durham and Darlington, and will help to identify the IRMP projects required to mitigate corporate risks. Corporate Risk New Risks Identified through assessment of Strengths, Weaknesses, Opportunities and Threats to the Service Risk Review Exercise (Part of strategic priority review) Revised Corporate Risk Delivery mechanism of mitigating actions (E.g. Corporate Plan, Integrated Risk Management Plan, etc) Page 6 of 7

7 10. AUDIT AND REVIEW 10.1 This Policy will be subject to an annual review to ensure that procedures highlighted within, continue to remain current and appropriate. Any recommendations resulting from such reviews will be implemented into the existing policy by a member of the Risk Reduction Section. Risk Audit Manager July 2010 Page 7 of 7

Bridgend County Borough Council. Corporate Risk Management Policy

Bridgend County Borough Council. Corporate Risk Management Policy Bridgend County Borough Council Corporate Risk Management Policy December 2014 Index Section Page No Introduction 3 Definition of risk 3 Aims and objectives 4 Strategy 4 Accountabilities and roles 5 Risk

More information

Confident in our Future, Risk Management Policy Statement and Strategy

Confident in our Future, Risk Management Policy Statement and Strategy Confident in our Future, Risk Management Policy Statement and Strategy Risk Management Policy Statement Introduction Risk management aims to maximise opportunities and minimise exposure to ensure the residents

More information

The Risk Management strategy sets out the framework that the Council has established.

The Risk Management strategy sets out the framework that the Council has established. Derbyshire County Council Management Policy Statement The Authority adopts a proactive approach to Management to achieve Best Value and continuous improvement and is committed to the effective management

More information

Avondale College Limited Enterprise Risk Management Framework 2014 2017

Avondale College Limited Enterprise Risk Management Framework 2014 2017 Avondale College Limited Enterprise Risk Management Framework 2014 2017 President s message Risk management is part of our daily life, something we do regularly; often without realising we are doing it.

More information

MARCH 2012. Strategic Risk Policy Update March 2012 v1.10.doc

MARCH 2012. Strategic Risk Policy Update March 2012 v1.10.doc MARCH 2012 Version 1.10 Strategic Risk Policy Update March 2012 v1.10.doc Document History Current Version Document Name Risk Management Policy Statement and Strategic Framework Last Updated By Alan Till

More information

DORSET & WILTSHIRE FIRE AND RESCUE AUTHORITY Performance, Risk and Business Continuity Management Policy

DORSET & WILTSHIRE FIRE AND RESCUE AUTHORITY Performance, Risk and Business Continuity Management Policy Not Protectively Marked Item 6 Appendix B DORSET & WILTSHIRE FIRE AND RESCUE AUTHORITY Management Policy The Dorset & Wiltshire Fire and Rescue Authority () is the combined fire and rescue authority for

More information

Risk Management & Business Continuity Manual 2011-2014

Risk Management & Business Continuity Manual 2011-2014 ANNEX C Risk Management & Business Continuity Manual 2011-2014 Produced by the Risk Produced and by the Business Risk and Business Continuity Continuity Team Team February 2011 April 2011 Draft V.10 Page

More information

CORPORATE RISK MANAGEMENT POLICY

CORPORATE RISK MANAGEMENT POLICY CORPORATE RISK MANAGEMENT POLICY 1. INTRODUCTION 1.1 The North Wales Fire & Rescue Authority provides services to a diverse range of people and organisations. It operates in an ever-changing environment,

More information

Group Risk Management Policy

Group Risk Management Policy Group Risk Management Policy Originator: Approval date: Policy and Strategy Team Sovini Board PCHA Board OVH Board/EMT 6 th December 2013 31 st October 2013 14 th October 2013 Review date: December 2014

More information

Business Continuity Management Framework 2014 2017

Business Continuity Management Framework 2014 2017 Business Continuity Management Framework 2014 2017 Blackpool Council Business Continuity Framework V3.0 Page 1 of 13 CONTENTS 1.0 Forward 03 2.0 Administration 04 3.0 Policy 05 4.0 Business Continuity

More information

Corporate Risk Management Policy

Corporate Risk Management Policy Corporate Risk Management Policy Managing the Risk and Realising the Opportunity www.reading.gov.uk Risk Management is Good Management Page 1 of 19 Contents 1. Our Risk Management Vision 3 2. Introduction

More information

RISK MANAGEMENT STRATEGY

RISK MANAGEMENT STRATEGY RISK MANAGEMENT STRATEGY 2014-15 April 2014 Page 1 of 17 CONTENTS 1. Introduction 2. What is risk management? 3. Risk Management Policy Statement 4. Risk Management process 5. Roles and responsibilities

More information

Risk Management Policy

Risk Management Policy Risk Management Policy Responsible Officer Author Ben Bennett, Business Planning & Resources Director Julian Lewis, Governance Manager Date effective from December 2008 Date last amended December 2012

More information

Risk Management Strategy and Policy. The policy provides the framework for the management and control of risk within the GOC

Risk Management Strategy and Policy. The policy provides the framework for the management and control of risk within the GOC Annex 1 TITLE VERSION Version 2 Risk Management Strategy and Policy SUMMARY The policy provides the framework for the management and control of risk within the GOC DATE CREATED January 2013 REVIEW DATE

More information

POLICY : CORPORATE RISK MANAGEMENT

POLICY : CORPORATE RISK MANAGEMENT APPENDIX 5 POLICY : CORPORATE RISK MANAGEMENT 1 Scope This is a Service wide policy. 2 Aims and Objectives Lancashire Combined Fire Authority provides services to a diverse range of people and organisations,

More information

Risk Management Policy and Process Guide

Risk Management Policy and Process Guide Risk Management Policy and Process Guide Status: pending Next review date: December 2015 Page 1 Information Reader Box Directorate Medical Nursing Patients & Information Commissioning Operations (including

More information

Focusing on the purpose of the authority and on outcomes for the community and creating and implementing a vision for the local area

Focusing on the purpose of the authority and on outcomes for the community and creating and implementing a vision for the local area CODE OF CORPORATE GOVERNANCE INTRODUCTION Corporate Governance is a term used to describe how organisations direct and control what they do. As well as systems and processes this includes cultures and

More information

Revenue Scotland. Risk Management Framework

Revenue Scotland. Risk Management Framework Revenue Scotland Risk Management Framework Contents 1. Introduction... 3 1.1 Overview of risk management... 3 2. Policy statement... 4 3. Risk management approach... 5 3.1 Risk management objectives...

More information

RISK MANAGEMENT FRAMEWORK

RISK MANAGEMENT FRAMEWORK RISK MANAGEMENT FRAMEWORK DOCUMENT INFORMATION DOCUMENT TYPE: DOCUMENT STATUS: POLICY OWNER POSITION: INTERNAL COMMITTEE ENDORSEMENT: APPROVED BY: Strategic document Approved Manager Organisational Development

More information

Risk Management Policy

Risk Management Policy Risk Management Policy Risk Management Policy Record Number D14/79827 Responsible Manager Manager Strategy and Governance Last reviewed 10 March 2015 Adoption reference Council Resolution number 90.5 Previous

More information

Business Continuity Management Policy

Business Continuity Management Policy Governance: Business Committee Policy Owner: Chief Superintendent, Corporate Services Department: Corporate Services Policy Number: 002 Version: 3.0 Policy Writer: Business Continuity Co-ordinator Effective

More information

LEICESTERSHIRE COUNTY COUNCIL RISK MANAGEMENT POLICY STATEMENT 2011-2012

LEICESTERSHIRE COUNTY COUNCIL RISK MANAGEMENT POLICY STATEMENT 2011-2012 106 LEICESTERSHIRE COUNTY COUNCIL RISK MANAGEMENT POLICY STATEMENT 2011-2012 Leicestershire County Council believes that managing current and future risk, both opportunity and threat, is increasingly vital

More information

RISK MANAGEMENT FRAMEWORK. 2 RESPONSIBLE PERSON: Sarah Price, Chief Officer

RISK MANAGEMENT FRAMEWORK. 2 RESPONSIBLE PERSON: Sarah Price, Chief Officer RISK MANAGEMENT FRAMEWORK 1 SUMMARY The Risk Management Framework consists of the following: Risk Management policy Risk Management strategy Risk Management accountability Risk Management framework structure.

More information

South Norfolk Council Business Continuity Policy

South Norfolk Council Business Continuity Policy South Norfolk Council Business Continuity Policy 1 Title: Business Continuity Policy Date of Publication: TBC Version: 2 Published by: Emergency Planning Team Review date: April 2014 Document Owner: Document

More information

Version Adoption by Council: 2013 Resolution Number: 2013/177 Current Version: V1.0 Administered by: Governance Coordinator

Version Adoption by Council: 2013 Resolution Number: 2013/177 Current Version: V1.0 Administered by: Governance Coordinator Risk Management Framework Version Adoption by Council: 2013 Resolution Number: 2013/177 Current Version: V1.0 TRIM CON: 12/1132 Administered by: Governance Coordinator Last Review Date: 2013 Next Review

More information

Emergency Management and Business Continuity Policy

Emergency Management and Business Continuity Policy www.surreycc.gov.uk Making Surrey a better place Emergency Management and Business Continuity Policy 4 TH EDITION June 2011 Title Emergency Management and Business Continuity Policy Version 4.0 Policy

More information

Merthyr Tydfil County Borough Council

Merthyr Tydfil County Borough Council Merthyr Tydfil County Borough Council DRAFT Risk Management Policy & Strategy April 2014 Prepared by: Kerry O Donovan Page 1 of 47 Contents Page Numbers Foreword 3 Merthyr Tydfil County Borough Council

More information

DERBYSHIRE COUNTY COUNCIL BUSINESS CONTINUITY POLICY

DERBYSHIRE COUNTY COUNCIL BUSINESS CONTINUITY POLICY DERBYSHIRE COUNTY COUNCIL BUSINESS CONTINUITY POLICY VERSION 1.0 ISSUED JULY 2015 CONTENTS Page CONTENTS VERSION CONTROL FOREWORD i ii iii POLICY 1 Scope 1 Aim and Objectives 1 Methods and Standards 1

More information

1.0 Policy Statement / Intentions (FOIA - Open)

1.0 Policy Statement / Intentions (FOIA - Open) Force Policy & Procedure Reference Number Business Continuity Management D269 Policy Version Date 23 July 2015 Review Date 23 July 2016 Policy Ownership Portfolio Holder Links or overlaps with other policies

More information

RISK MANAGEMENT POLICY & FRAMEWORK. \\vmfileserver02\company\council\judy\risk Management\Risk Management Framework 2013 (2).

RISK MANAGEMENT POLICY & FRAMEWORK. \\vmfileserver02\company\council\judy\risk Management\Risk Management Framework 2013 (2). RISK MANAGEMENT POLICY & FRAMEWORK \\vmfileserver02\company\council\judy\risk Management\Risk Management Framework 2013 (2).doc 20 Page 1 of Table of Contents Risk Management Policy...3 Risk Management

More information

Risk Management. Policy, Strategy and Methodology

Risk Management. Policy, Strategy and Methodology Risk Management Policy, Strategy and Methodology Contents Page Number Foreword by Paul Orders, Chief Executive... 2 Foreword by Councillor Graham Hinchey, Cabinet Member for Corporate Services and Performance...

More information

Risk Management Plan 2012-2015

Risk Management Plan 2012-2015 Risk Management Plan 2012-2015 This controlled document shall not be copied in part or whole without the express permission of the author or the author s representative. Revision Date Previous Revision

More information

The Lowitja Institute Risk Management Plan

The Lowitja Institute Risk Management Plan The Lowitja Institute Risk Management Plan 1. PURPOSE This Plan provides instructions to management and staff for the implementation of consistent risk management practices throughout the Lowitja Institute

More information

South Oxfordshire District Council and Vale of White Horse District Council Risk Management Strategy

South Oxfordshire District Council and Vale of White Horse District Council Risk Management Strategy 2013 2016 South Oxfordshire District Council and Vale of White Horse District Council Risk Management Strategy 2013-2016 1 1 Context 3 SCOPE 3 WHAT IS RISK MANAGEMENT? 3 LOCAL AND NATIONAL DRIVERS 3 Business

More information

POL ENTERPRISE RISK MANAGEMENT SC51. Executive Services Department BUSINESS UNIT: Executive Support Services SERVICE UNIT:

POL ENTERPRISE RISK MANAGEMENT SC51. Executive Services Department BUSINESS UNIT: Executive Support Services SERVICE UNIT: POL ENTERPRISE RISK MANAGEMENT SC51 POLICY CODE: SC51 DIRECTORATE: Executive Services Department BUSINESS UNIT: Executive Support Services SERVICE UNIT: Executive Support Services RESPONSIBLE OFFICER:

More information

Risk Management. Group Standard

Risk Management. Group Standard Group Standard Risk Management Effective risk management allows Serco to improve customer service, maximize opportunities and reduce business loss from overruns and cost from risks that materialise SMS

More information

A Risk Management Standard

A Risk Management Standard A Risk Management Standard Introduction This Risk Management Standard is the result of work by a team drawn from the major risk management organisations in the UK, including the Institute of Risk management

More information

Risk Management Policy. Corporate Governance Risk Management Policy

Risk Management Policy. Corporate Governance Risk Management Policy Corporate Governance Risk Management Policy Approved by the Council of Ministers, May 2006 1. Background The Isle of Man Government is working to promote better risk management, with emphasis on the importance

More information

APPLICABLE TO: Flow Systems Group and all employees. Risk Management

APPLICABLE TO: Flow Systems Group and all employees. Risk Management PURPOSE: Flow Systems is committed to managing its risks and ensuring compliance with all relevant laws and regulations in a proactive, on-going and positive manner. This document outlines Flow s Risk

More information

Performance Management Unit. Performance Management Framework

Performance Management Unit. Performance Management Framework Performance Management Unit Performance Management Framework Issue: 4 Author Amanda Jenkins Performance Management Officer Date of Issue 25 th May 2007 Last Revised February 2011 Version Issue 4 Contents

More information

RISK MANAGEMENT STANDARD OPERATING PROCEDURE (SOP)

RISK MANAGEMENT STANDARD OPERATING PROCEDURE (SOP) RISK MANAGEMENT STANDARD OPERATING PROCEDURE (SOP) STANDARD OPERATING PROCEDURE REFERENCE SOP/220/10 PROTECTIVE MARKING PORTFOLIO Finance and Corporate Services OWNER Director of Finance and Corporate

More information

DORSET & WILTSHIRE FIRE AND RESCUE AUTHORITY Performance, Risk and Business Continuity Management Policy

DORSET & WILTSHIRE FIRE AND RESCUE AUTHORITY Performance, Risk and Business Continuity Management Policy Part Two Part One Not Protectively Marked DORSET & WILTSHIRE FIRE AND RESCUE AUTHORITY Performance, Risk and Business Continuity Management Policy. The Dorset & Wiltshire Fire and Rescue Authority (DWFRA)

More information

WEST DORSET DISTRICT COUNCIL RISK MANAGEMENT STRATEGY

WEST DORSET DISTRICT COUNCIL RISK MANAGEMENT STRATEGY WEST DORSET DISTRICT COUNCIL RISK MANAGEMENT STRATEGY As approved by the Executive Committee 7 October 2008 STRATEGY... 3 THE RISK MANAGEMENT PROCESS... 3 RISK REGISTERS... 4 BENEFITS OF RISK MANAGEMENT

More information

Compliance Policy AGL Energy Limited

Compliance Policy AGL Energy Limited Compliance Policy AGL Energy Limited November 2013 Table of Contents 1. About this Document... 3 2. Policy Statement... 4 3. Purpose... 4 4. AGL Compliance Context... 4 5. Scope... 5 6. Objectives... 5

More information

1.20 Appendix A Generic Risk Management Process and Tasks

1.20 Appendix A Generic Risk Management Process and Tasks 1.20 Appendix A Generic Risk Management Process and Tasks The Project Manager shall undertake the following generic tasks during each stage of Project Development: A. Define the project context B. Identify

More information

CORP 600 00 RISK MANAGEMENT POLICY & METHODOLOGY

CORP 600 00 RISK MANAGEMENT POLICY & METHODOLOGY CORP 600 00 RISK MANAGEMENT POLICY & METHODOLOGY CORP 600 RISK MANAGEMENT POLICY Purpose In March 2003, the Australian Stock Exchange (ASX) Corporate Governance Council released the first version of its

More information

RISK MANAGEMENT POLICY

RISK MANAGEMENT POLICY RISK MANAGEMENT POLICY Approved by Governing Authority February 2016 1. BACKGROUND 1.1 The focus on governance in corporate and public bodies continues to increase. It resulted in an expansion from the

More information

Monetary Authority of Singapore BOARD AND SENIOR MANAGEMENT

Monetary Authority of Singapore BOARD AND SENIOR MANAGEMENT Monetary Authority of Singapore BOARD AND SENIOR MANAGEMENT March 2013 Table of Contents 1 Introduction 1 1.1 Overview 1 1.2 Board Matters 2 1.3 Matters Relating to Senior Management 4 1.4 Reporting to

More information

BUSINESS CONTINUITY POLICY

BUSINESS CONTINUITY POLICY BUSINESS CONTINUITY POLICY Last Review Date Approving Body n/a Audit Committee Date of Approval 9 th January 2014 Date of Implementation 1 st February 2014 Next Review Date February 2017 Review Responsibility

More information

Mid Suffolk District Council. Risk Management Strategy

Mid Suffolk District Council. Risk Management Strategy Mid Suffolk District Council Risk Management Strategy uthor Claire Reynolds and udit Officer (Lead for Risk Management) Version Control V1 30 October 2006 pproved by Executive Committee V2 October/ November

More information

ENGINEERING COUNCIL. Guidance on Risk for the Engineering Profession. www.engc.org.uk/risk

ENGINEERING COUNCIL. Guidance on Risk for the Engineering Profession. www.engc.org.uk/risk ENGINEERING COUNCIL Guidance on Risk for the Engineering Profession www.engc.org.uk/risk This guidance describes the role of professional engineers and technicians in dealing with risk, and their responsibilities

More information

Emergency Planning and Business Continuity Policy

Emergency Planning and Business Continuity Policy Nottingham University Academy of Science and Technology Emergency Planning and Business Continuity Policy Responsible officer: Vice Principal Curriculum & Quality Date approved: 15/07/2014 Review date:

More information

Strategic Alliance. Business Continuity Policy

Strategic Alliance. Business Continuity Policy Version 1.1 April 2016 Contents Contents Version control Foreword Policy Scope Aim and objectives Methods and standards Responsibilities Governance Training and exercises Page i ii 1 2 2 2 Version 1.1

More information

Risk Management Strategy 2014-2017

Risk Management Strategy 2014-2017 Management Strategy 2014-2017 1. Policy Statement 2. Statement of Commitment 3. Our Approach 4. Management Principles 5. Appetite Statement 6. Maturity 7. Management Levels 8. Escalation 9. Management

More information

Enterprise Risk Management Framework 2012 2016. Strengthening our commitment to risk management

Enterprise Risk Management Framework 2012 2016. Strengthening our commitment to risk management Enterprise Risk Management Framework 2012 2016 Strengthening our commitment to risk management Contents Director-General s message... 3 Introduction... 4 Purpose... 4 What is risk management?... 4 Benefits

More information

Solvency II Detailed guidance notes

Solvency II Detailed guidance notes Solvency II Detailed guidance notes March 2010 Section 1 - System of governance Section 1: System of Governance Overview This section outlines the Solvency II requirements for an effective system of governance,

More information

Risk Management Policy

Risk Management Policy Principles Through a process of Risk Management, the University seeks to reduce the frequency and impact of Adverse Events that may affect the achievement of its objectives. In particular, Risk Management

More information

Annual Governance Statement 2013/14

Annual Governance Statement 2013/14 31 Annual Governance Statement 2013/14 1. SCOPE OF RESPONSIBILITY ESPO is responsible for ensuring that its business is conducted in accordance with the law and proper standards, and that public money

More information

Risk Management Policy Adopted by:

Risk Management Policy Adopted by: Risk Management Policy Adopted by: Infigen Energy Limited Infigen Energy (Bermuda) Limited Infigen Energy RE Limited in its capacity as Responsible Entity of Infigen Energy Trust Adopted: 17 December 2009

More information

JOB DESCRIPTION. Corporate Governance and Corporate Support Services. All staff in Corporate Governance and Corporate Support Services

JOB DESCRIPTION. Corporate Governance and Corporate Support Services. All staff in Corporate Governance and Corporate Support Services JOB DESCRPTON Position Title and Number: Grade: Department: Section: Responsible to: Responsible for: Head of Corporate Governance PO7 Resources Corporate Governance and Corporate Support Services Director

More information

IFAD Policy on Enterprise Risk Management

IFAD Policy on Enterprise Risk Management Document: EB 2008/94/R.4 Agenda: 5 Date: 6 August 2008 Distribution: Public Original: English E IFAD Policy on Enterprise Risk Management Executive Board Ninety-fourth Session Rome, 10-11 September 2008

More information

Clarius Group Risk Management Policy and Framework

Clarius Group Risk Management Policy and Framework 1. Introduction Clarius Group Risk Management Policy and Framework 1.1 Definition Risk is the chance of something happening that will have an impact on objectives. Risk provides the opportunity (upside)

More information

Audit & Scrutiny Committee

Audit & Scrutiny Committee Page 1 Annual Risk Management Report Audit & Scrutiny Committee Agenda Item: 09 Date of Meeting 23 February 2016 Officer Chief Executive Subject of Report Annual Risk Management Report Executive Summary

More information

V1.0 - Eurojuris ISO 9001:2008 Certified

V1.0 - Eurojuris ISO 9001:2008 Certified Risk Management Manual V1.0 - Eurojuris ISO 9001:2008 Certified Section Page No 1 An Introduction to Risk Management 1-2 2 The Framework of Risk Management 3-6 3 Identification of Risks 7-8 4 Evaluation

More information

Enterprise Risk Management Policy

Enterprise Risk Management Policy Enterprise Risk Management Policy A Framework for Managing Opportunity and Risk Date: 27 November 2015 Version: 13.0 Classification: Unclassified Authors: Julie Holland - Risk Management Facilitator Quality

More information

Risk Management Strategy and Guidelines

Risk Management Strategy and Guidelines Swale Borough Council Risk Management Strategy and Guidelines Status: Final Originating Date: January 2008 Date Ratified: February 2008 (Audit Committee) Next Review Date: January 2009 Accountable Member:

More information

OVERBERG DISTRICT MUNICIPALITY

OVERBERG DISTRICT MUNICIPALITY OVERBERG DISTRICT MUNICIPALITY ENTERPRISE RISK MANAGEMENT STRATEGY Contents 1. Introduction.2 2. Legislative mandate... 2 3. Background... 3 3.1 What is risk?... 3 3.2 Enterprise-wide Risk Management...

More information

Module 4. Risk assessment for your AML/CTF program

Module 4. Risk assessment for your AML/CTF program Module 4 Risk assessment for your AML/CTF program AML/CTF Programs Risk assessment for your AML/CTF program Page 1 of 27 Module 4 Risk assessment for your AML/CTF program Risk assessment for your AML/CTF

More information

RISK AND OPPORTUNITY MANAGEMENT STRATEGY 2013-2014

RISK AND OPPORTUNITY MANAGEMENT STRATEGY 2013-2014 RISK AND OPPORTUNITY MANAGEMENT STRATEGY 2013-2014 Version 1.0 October 2013 Not protectively marked INDEX PAGE NO TITLE 3 Executive Summary 4 Our Shared Vision and Priorities 5 Outline of the Risk and

More information

ENTERPRISE RISK MANAGEMENT POLICY

ENTERPRISE RISK MANAGEMENT POLICY ENTERPRISE RISK MANAGEMENT Approved by the Audit Committee on 14 February 2003 and adopted by resolution of the Board on 28 March 2003 Revisions approved by the Audit and Risk Committee on 14 February

More information

People Strategy 2013/17

People Strategy 2013/17 D a t a L a b e l : P U B L I C West Lothian Council People Strategy 2013/17 Contents 1 Overview 2 2 Council Priorities 8 3 Strategy Outcomes 10 1 Engaging and motivating our employees 13 2 Recognised

More information

Audit of Recruitment by the Public Appointments Service (PAS) to Senior Professional Positions in Local Authorities

Audit of Recruitment by the Public Appointments Service (PAS) to Senior Professional Positions in Local Authorities Audit of Recruitment by the Public Appointments Service (PAS) to Senior Professional Positions in Local Authorities AUDIT REPORT October 2012 Contents Chapter 1 - Introduction and Background... 3 1.1 Introduction...

More information

Business Continuity Management Policy

Business Continuity Management Policy Business Continuity Management Policy Business Continuity Policy Version 1.0 1 Version control Version Date Changes Author 0.1 April 13 1 st draft PH 0.2 June 13 Amendments in line with guidance PH 0.3

More information

Risk Management Strategy

Risk Management Strategy Risk Management Strategy 2010 RISK MANAGEMENT STRATEGY 1 INTRODUCTION 1.1 What is Risk Management? 1.1.1 Risk can be defined as uncertainty of outcome (whether positive opportunity or negative threat).

More information

LFRS Business Continuity Planning

LFRS Business Continuity Planning LFRS Business Continuity Planning 1.1 INTRODUCTION The LFRS Business Continuity Plan provides a framework for the activation, allocation and deployment of Lancashire Fire and Rescue Services resources

More information

WEST YORKSHIRE FIRE & RESCUE SERVICE. Business Continuity Management Strategy

WEST YORKSHIRE FIRE & RESCUE SERVICE. Business Continuity Management Strategy WEST YORKSHIRE FIRE & RESCUE SERVICE Business Continuity Management Strategy Date Issued: 12 November 2012 Review Date: 12 November 2015 Version Control Version Number Date Author Comment 0.1 June 2011

More information

Review of Risk Management and Insurance. Public Accounts Committee

Review of Risk Management and Insurance. Public Accounts Committee Review of Risk Management and Insurance Public Accounts Committee April 2012 Contents Executive Summary 1 Maturity Model 6 Understanding the Causes and the Way Forward 7 Risk Management Recommendations

More information

APPLICATION OF KING III CORPORATE GOVERNANCE PRINCIPLES 2014

APPLICATION OF KING III CORPORATE GOVERNANCE PRINCIPLES 2014 WOOLWORTHS HOLDINGS LIMITED CORPORATE GOVERNANCE PRINCIPLES 2014 CORPORATE GOVERNANCE PRINCIPLES 2014 CORPORATE GOVERNANCE PRINCIPLES 2014 This table is a useful reference to each of the King III principles

More information

ESSEX FIRE AUTHORITY Essex County Fire & Rescue Service

ESSEX FIRE AUTHORITY Essex County Fire & Rescue Service ESSEX FIRE AUTHORITY Essex County Fire & Rescue Service MEETING Essex Fire Authority AGENDA ITEM 14 MEETING DATE 5 September 2012 REPORT NUMBER SUBJECT REPORT BY Risk and Business Continuity Department

More information

Information Governance Strategy

Information Governance Strategy Information Governance Strategy Document Status Draft Version: V2.1 DOCUMENT CHANGE HISTORY Initiated by Date Author Information Governance Requirements September 2007 Information Governance Group Version

More information

Managing Risk in Procurement Guideline

Managing Risk in Procurement Guideline Guideline DECD 14/10038 Managing Risk in Procurement Guideline Summary The Managing Risk in Procurement Guideline assists in the identification and minimisation of risks involved in the acquisition of

More information

APPLICATION OF THE KING III REPORT ON CORPORATE GOVERNANCE PRINCIPLES

APPLICATION OF THE KING III REPORT ON CORPORATE GOVERNANCE PRINCIPLES APPLICATION OF THE KING III REPORT ON CORPORATE GOVERNANCE PRINCIPLES Ethical Leadership and Corporate Citizenship The board should provide effective leadership based on ethical foundation. that the company

More information

APPENDIX 50. Enterprise risk management - Risk management overview

APPENDIX 50. Enterprise risk management - Risk management overview APPENDIX 50 Enterprise risk management - Risk management overview Energex regulatory proposal October 2014 ENTERPRISE RISK MANAGEMENT Risk Management Overview (RMO) 06 11 2013 Table of Contents 1. INTRODUCTION...

More information

States of Jersey Comptroller & Auditor General

States of Jersey Comptroller & Auditor General States of Jersey Comptroller & Auditor General Code of Audit Practice (Prepared under Article 18 of the Comptroller and Auditor General (Jersey) Law 2014) 28 November 2014 Foreword Independent external

More information

Revised Risk Management Policy and Framework. Report by Head of Finance

Revised Risk Management Policy and Framework. Report by Head of Finance Audit Committee 29 April 2010 Item No 7 Revised Risk Management Policy and Framework Report by Head of Finance Summary A substantial review of our current Risk Management Strategy has been carried out.

More information

Guidance notes: Financial Planning & Managing Risk

Guidance notes: Financial Planning & Managing Risk Guidance notes: Financial Planning & Managing Risk This guidance note is particularly for governors on the audit or finance committee, but will be of interest to all governors. What is the governing body

More information

Information Governance Policy

Information Governance Policy Information Governance Policy Version: 4 Bodies consulted: Caldicott Guardian, IM&T Directors Approved by: MT Date Approved: 27/10/2015 Lead Manager: Governance Manager Responsible Director: SIRO Date

More information

ENTERPRISE RISK MANAGEMENT POLICY

ENTERPRISE RISK MANAGEMENT POLICY ENTERPRISE RISK MANAGEMENT POLICY TITLE OF POLICY POLICY OWNER POLICY CHAMPION DOCUMENT HISTORY: Policy Title Status Enterprise Risk Management Policy (current, revised, no change, redundant) Approving

More information

RISK MANAGEMENT POLICY AND STRATEGY. Document Status: Draft. Approved by. Appendix 1. Originator: A Struthers. Updated: A Struthers

RISK MANAGEMENT POLICY AND STRATEGY. Document Status: Draft. Approved by. Appendix 1. Originator: A Struthers. Updated: A Struthers Appendix 1 RISK MANAGEMENT POLICY AND STRATEGY Document Status: Draft Originator: A Struthers Updated: A Struthers Owner: Executive Director Corporate Services Version: 01.01.03 Date: 30/3/14 Approved

More information

operated by it (as the case requires).

operated by it (as the case requires). 1 Definitions In this document: ASX Board Chair CEO CFO Company Secretary Corporations Act Director means ASX Limited ACN 008 624 691 or the securities exchange operated by it (as the case requires). means

More information

WFP ENTERPRISE RISK MANAGEMENT POLICY

WFP ENTERPRISE RISK MANAGEMENT POLICY WFP ENTERPRISE RISK MANAGEMENT POLICY Informal Consultation 3 March 2015 World Food Programme Rome, Italy EXECUTIVE SUMMARY For many organizations, risk management is about minimizing the risk to achievement

More information

Xavier Catholic College Risk Management. Policy

Xavier Catholic College Risk Management. Policy Xavier Catholic College Risk Management Policy 18 March 2013 Sourced from CSOHS Online. Source CSO Broken Bay 2012 Page 1 Risk Management Policy (Draft) PURPOSE Risk management is the culture, processes

More information

CROSSHALL JUNIOR SCHOOL LIMITED RISK REGISTER FEBRUARY 2016

CROSSHALL JUNIOR SCHOOL LIMITED RISK REGISTER FEBRUARY 2016 CROSSHALL JUNIOR SCHOOL LIMITED RISK REGISTER FEBRUARY 2016 Overview The Risk Register was reviewed by the Chair of Governors for approval by the Resources Committee. Review Procedure Each of the risks

More information

KING III PRINCIPLES APPLIED

KING III PRINCIPLES APPLIED 1 1.1 The board should provide effective leadership based on an ethical foundation 1.2. The board should ensure that the company is and is seen to be a responsible corporate citizen 1.3. The board should

More information

King Report on Corporate Governance for South Africa. What it means to you

King Report on Corporate Governance for South Africa. What it means to you King Report on Corporate Governance for South Africa 2002 What it means to you King Report on Corporate Governance for South Africa 2002 www.cliffedekker.com Index Introduction Directors and their Responsibilities

More information

A CREDITORS GUIDE TO ADMINISTRATORS REMUNERATION SCOTLAND This guide applies to all appointments on or after 6 April 2006. Any creditor requiring

A CREDITORS GUIDE TO ADMINISTRATORS REMUNERATION SCOTLAND This guide applies to all appointments on or after 6 April 2006. Any creditor requiring A CREDITORS GUIDE TO ADMINISTRATORS REMUNERATION SCOTLAND This guide applies to all appointments on or after 6 April 2006. Any creditor requiring guidance on a case where the Insolvency Practitioner was

More information

Project Risk Analysis toolkit

Project Risk Analysis toolkit Risk Analysis toolkit MMU has a corporate Risk Management framework that describes the standard for risk management within the university. However projects are different from business as usual activities,

More information

GUIDELINES ON CORPORATE GOVERNANCE FOR LABUAN BANKS

GUIDELINES ON CORPORATE GOVERNANCE FOR LABUAN BANKS GUIDELINES ON CORPORATE GOVERNANCE FOR LABUAN BANKS 1.0 Introduction 1.1 Good corporate governance practice improves safety and soundness through effective risk management and creates the ability to execute

More information

Councillor role descriptions

Councillor role descriptions Councillor role descriptions All Councillors:- Community Leader Champion your division Deal with casework Represent the community within the Council and other agencies Campaign on local issues Keep in

More information

Principles for An. Effective Risk Appetite Framework

Principles for An. Effective Risk Appetite Framework Principles for An Effective Risk Appetite Framework 18 November 2013 Table of Contents Page I. Introduction... 1 II. Key definitions... 2 III. Principles... 3 1. Risk appetite framework... 3 1.1 An effective

More information