recommendations and commits to Assurance Framework by Ensuring information is accessible meeting the recommendations by 28 28 February 2018 and implemented by all. Feb 2018, with an extension into other areas of operation during 2018. . 4. Accountable Body to consider scrutiny S151 To be included in any Attended Overview & Scrutiny and audit arrangements appropriate Officer / refreshed Committee on 23rd May. Internal for the LEP. This might for example LEP Assurance Framework by and External Audit arrangements take a thematic approach. Final Executive 28 February 2018 will be agreed at FAR Committee process to be included in the local on 1st August. assurance framework. 5. LEP to consider how the LTB LEP To be included in any Local Transport Board papers are meetings can be make more Executive refreshed Local published on the WLEP website transparent and meeting papers Assurance Framework by made available 28 February 2018 6. LEP to review its business and LEP To be included in any Business Board to be reviewed Finance, Audit and Risk Committee Executive refreshed Local following the LEP review being and consider its function and form in Assurance Framework by published. FAR Committee terms order for it to be fit for purpose around 28 February 2018 of reference revise agreed and the current strategic priorities published. The report from the Overview and Scrutiny Committee including minutes is available Good progress is being made in relation to WLEP actions and the Annual Conversation. Until the implications of the LEP Review are known, then actions related to recruitment of non-executive board members, reviewing the business board will not be conducted. Reports from the Internal and External Audit will be reported at the November Board. RISK REGISTER The LEP FAR committee has approved the development of a risk register to identify, manage and put in place mitigating strategies to reduce risk. The table below shows the risk register which is identified by strategic, operational, financial and implementation risks. This table includes who is the risk owner between the Board, and Executive, the Risk description, the probability and impact of the risk and the mitigating action that has been taken. This table provides an overview of the key areas of focus for mitigating plans; these plans are established to ensure risks are being managed.
recommendations and commits to meeting the recommendations by 28 Feb 2018, with an extension into other areas of operation during 2018. . Assurance Framework by 28 February 2018 Ensuring information is accessible and implemented by all. 4. Accountable Body to consider scrutiny and audit arrangements appropriate for the LEP. This might for example take a thematic approach. Final process to be included in the local assurance framework. S151 Officer / LEP Executive To be included in any refreshed Assurance Framework by 28 February 2018 Attended Overview & Scrutiny Committee on 23rd May. Internal and External Audit arrangements will be agreed at FAR Committee on 1st August. 5. LEP to consider how the LTB meetings can be make more transparent and meeting papers made available LEP Executive To be included in any refreshed Local Assurance Framework by 28 February 2018 Local Transport Board papers are published on the WLEP website 6. LEP to review its business and Finance, Audit and Risk Committee and consider its function and form in order for it to be fit for purpose around the current strategic priorities LEP Executive To be included in any refreshed Local Assurance Framework by 28 February 2018 Business Board to be reviewed following the LEP review being published. FAR Committee terms of reference revise agreed and published. The report from the Overview and Scrutiny Committee including minutes is available Good progress is being made in relation to WLEP actions and the Annual Conversation. Until the implications of the LEP Review are known, then actions related to recruitment of non-executive board members, reviewing the business board will not be conducted. Reports from the Internal and External Audit will be reported at the November Board. RISK REGISTER The LEP FAR committee has approved the development of a risk register to identify, manage and put in place mitigating strategies to reduce risk. The table below shows the risk register which is identified by strategic, operational, financial and implementation risks. This table includes who is the risk owner between the Board, and Executive, the Risk description, the probability and impact of the risk and the mitigating action that has been taken. This table provides an overview of the key areas of focus for mitigating plans; these plans are established to ensure risks are being managed.
Board-Pack-Part-2.docx