Additional documents:
Minutes:
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 –
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.