All organisations, whether in the public or the private sector, face risks to people, property, equipment, vehicles, business continuity and effectiveness. Increasingly, reputation risk (the impact of adverse publicity), and regulatory risk (failure to achieve published objectives or comply with specific statutory requirements), are also being identified as key risk management issues.
MSP’s Board (MSPB) and its Core Team (CT) recognise that risk is the chance of something happening that will have an impact on objectives and affect service delivery to the community. It is measured in terms of consequence and likelihood. MSPB and CT recognise that they have a responsibility to manage risks (both positive and negative). In doing so, they are committed to a risk management process, which supports a structured and systematic approach to identifying, responding to, managing and evaluating risks associated with strategic, operational, programme and project delivery from both internal and external environments.
MSPB and CT recognise that they have a duty of care to their stakeholders, their citizens, their customers, their employees and their partners. They have a duty to be efficient, transparent and accountable to local people and they need to observe high standards of corporate governance and management.
The purpose of this framework is to ensure that risk management is an integral part of day-to-day operations for MSPB members and CT staff by:
MSPB and CT will identify, analyse and prioritise the risks. We will manage and control risks in order to maximise the quality of our service provision, to uphold our reputation and to mitigate or minimise the impact on the organisation. We believe if implemented in this way, risk management will make a powerful contribution to continuous service improvement and enable us to deliver our strategic and operational objectives that underpin our mission ‘Working together to improve the quality of life for all people through sport and physical activity 2017-2022’.
The principles of risk management and risk management processes are the same for all MSPB members and CT staff. Risk management is dealing as effectively as possible with uncertainty and looking ahead to risks and opportunities that might arise.
|Group/Individual||Responsibility - Management of Risk Strategy|
|Compliance, Scrutiny & Nominations Group (CSNG)||To review the Management of Risk Strategy annually.
To review the risk register submitted by the Director sixth monthly.
Act upon the risks identified with ‘high-risk/high-impact’ on LCC/MSP financial and human resources
|Board||To approve the Management of Risk Strategy annually.
Act upon the risks identified with ‘high-risk/high-impact’ on strategy implementation
|Director and Senior Leadership Team||Responsibility for effective management of risk within MSP CT.
To ensure that risks are identified, assessed and managed for all MSP activity.
Preparation and responsible for escalating any ‘high-risk/high-impact’ issues to CSNG and MSPB as appropriate
|All Staff||To maintain an awareness of risk, and feed into the formal process, including alerting management when risks are inappropriately managed or the level of residual risk is unacceptably high.|