Issue - meetings

(a)       That the Risk Policy be approved; and

(b)       That the contents of the risk register be noted.

The Chief Executive introduced a report to consider the Fund’s approach to risk management.  He provided background information and explained that the draft Risk Policy appended to the report outlined the approach to risk management it was proposed be adopted for the Clwyd Pension Fund.  Also appended to the report was the updated risk register which incorporated all the risks identified as part of the recent risk review exercise. He invited the Clwyd Pension Fund Manager to report on the risks identified as part of the recent risk review exercise. 

            Steve Hibbert asked if a quarterly update could be provided to the Committee to identify any changes to the risks.  Karen McWilliam acknowledged the need for members to be kept updated and said this was work in progress.  It was agreed that a quarterly update would be provided to the Committee.

RESOLVED:

(a)       That the Risk Policy be approved; and

(b)       That the contents of the risk register be noted.