Risk Management Policy

Risk Management Policy

Adopted by Full Council: 24th September 2025
Revision Date: September 2027

Introduction

Millom Town Council (“the Council”) recognises the importance of Risk Management in order to maintain the ability to deliver the activities and services expected of the Council. Risk Management is a factor that enables the Council to satisfy its objective to deliver high quality public services.

Purpose and Scope

This policy applies to all Councillors, employees, contractors, or others who may be carrying out operations for and on behalf of the Council, and those who may be affected by their work.

Responsibility for Risk Management

Responsibility for effective Risk Management rests with all Members of the Council.

Members have ultimate responsibility for Risk Management as risks threaten the achievement of policy objectives. In the context of Risk Management, Members:

• exercise leadership;
• consider and adopt current and future risk management policies; and
• support and monitor the risk management process.

The Chair has overall responsibility for securing adherence to the Council’s policy.

Risk Management Policy Statement

The Risk Management Policy of the Council is to be fully committed to effective Risk Management, adopting best practices in the identification, evaluation, and control of risks, in order to:

• integrate risk management into the culture of the Council;
• eliminate or reduce risk to an acceptable level;
• anticipate and respond to changing social, environmental, and legislative requirements;
• prevent injury and damage and reduce the cost of risk; and
• raise awareness of the need for Risk Management.

Approach to Risk Management

The Council’s approach to Risk Management requires that all risks should be identified and managed in the most cost-effective manner within overall resources available. Each risk identified by the Council is recorded in the Council Risk Register. The impact is assessed and appropriate control measures are put in place.

The overall responsibility to ensure that this procedure is adhered to rests with the Clerk to the Council.

Signed: ………………………………… (Chair of Millom Town Council)
Dated: 24th September 2025