Committee to manage council risk

Last updated 05:00 14/03/2014

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The Christchurch City Council is bringing in outside commercial expertise to help scrutinise the organisation's performance and manage its risk exposure.

It has set up an audit and risk committee to which three independent members, drawn from the commercial sector, will be appointed.

One of the independents will chair the committee on which Mayor Lianne Dalziel, Deputy Mayor Vicki Buck, finance committee chairman Cr Raf Manji, and councillors Jamie Gough, David East and Jimmy Chen will all sit.

The committee will meet at least four times a year and will be tasked with ensuring the council has adequate risk management frameworks and accounting policies in place.

Dalziel said the new committee would ensure the council was monitoring not just its financial risks but other risks that could affect the organisation's operations at all times - something that had been absent in the past.

"From a governance perspective this is an excellent move," Dalziel said.

Manji said the independent members of the committee would bring "highly specialised" skills to the council table.

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- The Press


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