Issue - meetings
Risk Policy
Meeting: 20/03/2024 - Clwyd Pension Fund Committee (Item 45)
45 Draft Clwyd Pension Fund Risk Management Policy 
PDF 149 KB
To provide Committee with the updated draft Risk Management Policy, for approval.
Additional documents:
- DRAFT Risk Policy Mar 2024 - draft for PFC approval - v2, item 45
PDF 784 KB
- Webcast for Draft Clwyd Pension Fund Risk Management Policy
Decision:
The Committee approved the changes to the Risk Management Policy.
Minutes:
Mrs McWilliam took the Committee through this report, outlining the background of the review and connections to Flintshire County Council’s Risk Management Framework. She explained the main changes to the Fund’s Risk Management Policy (formerly Risk Policy) including a new section outlining the responsibilities of the Committee and senior officers, the monthly review of risk registers by officers, changes to the way risks are scored which mean red risks will be more serious than under the existing scoring mechanism, and the formal process for escalating red risks.
RESOLVED:
The Committee approved the changes to the Risk Management Policy.