Issue - meetings

Chris Norton, Strategy and Commissioning Manager (Treasury, Pension, Audit & Risk), presented the report to the Sub-Committee who noted that risks have now been consolidated to 13 strategic headings; full details of all the risks are available under each of the headings.

The Sub-Committee agreed with the proposal to present a summary of the Risk Register every quarter.  The report will include a summary of risks that have changed or that require attention.

Following a question from Councillor Bill Gifford in relation to Coronavirus it was noted by the Sub-Committee that the virus is considered to be a short-term investment risk.  Andy Felton (Assistant Director – Finance) stated that there are three areas of likely impact –

• Assets
• Memberships
• Workforce

In relation to the potential impact on the workforce mitigation plans are in place.  Staff will have the option to work at home if necessary and any high-level sickness may mean staff are drafted in elsewhere to cover key meetings etc.

It was noted by the Sub-Committee that Warwickshire County Council is carefully monitoring Coronavirus and are following guidelines from Public Health, the NHS and the Government.

Resolved

The Pension Fund Investment Sub-Committee comments on and approves the Risk Register.