Jennifer Weinman, Interim Director, Enterprise Risk and Audit Services; and Anila Lalani, Advisor, Enterprise Risk Management and Acting Manager, Enterprise Audit Services, presented the 2020 Corporate Risk Profile, a communication tool that identifies key internal and external risks facing the organization. The presentation included an overview of the corporate risk profile, impacted services, corporate risk profile usage, risk manifested and next steps. Jennifer Weinman stressed the importance of continuing to work with the strategic planning group to use the corporate risk profile as a decision making tool to assist in achieving the Regions strategic outcomes. Staff will continue to monitor risks, discuss management mitigation plans, update the corporate risk profile and report annually on findings.
Members of Committee discussed and raised questions regarding: distinction of land use planning as a separate risk category in the corporate risk profile; risk mitigation measures with respect to communication plans; and, Regional Council endorsement of a capital deferral strategy to mitigate the risk of lower development charges revenues.