Risk Management
Statement of Commitment
Thanet District Council is committed to
adopting best practices in the identification, evaluation and cost
effective control of risks to ensure that they are reduced to an
acceptable level or eliminated. And to maximise opportunities
to achieve the Council’s objectives and deliver core service
provisions. It is acknowledged that some risks will always
exist and will never be eliminated.
All employees must understand the nature of
the risk and accept responsibility for risks associated with their
area of work. In doing this they will receive the necessary
support, assistance and commitment from Senior Management and
Members.
The Council’s Risk Management Objectives are a
long term commitment and an inherent part of good management and
governance practices. The Objectives need the full support of
Members and active participation of Managers, more detail on these
can be found in the Risk Management Strategy.
The Council, as a corporate body, is bound by
legal obligations to provide for the health and safety of its
Members, employees and those that it serves. The Council is
also obliged to protect its material assets and to minimise its
losses and liabilities.
The Risk Management Process
This risk management process, as detailed in
the Process document, has been
designed to support members and officers in ensuring that the
Council is able to fully discharge its risk management
responsibilities in a consistent manner.
Risk management in Thanet District Council is
about improving our ability to deliver our objectives by managing
our threats, enhancing our opportunities and creating an
environment that adds value to ongoing activities.
Risk management is a key part of corporate
governance. Corporate governance is the way an organisation
manages its business, determines strategy and objectives and goes
about achieving those objectives. Good risk management will
help identify and deal with key corporate risks facing the
organisation in the pursuit of its goals and is a key part of good
management, not simply a compliance exercise.
The Risk-on-a-Page document gives a quick
guide to the Council's Risk Management Process.