Committee to manage council risk

Last updated 05:00 14/03/2014

Relevant offers

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.

Ad Feedback

- The Press


Special offers
Opinion poll

Have you adjusted to the new alcohol limits for drivers?

No, I can't figure out how much is safe to drink

Yes, I have cut back if I'm driving

I don't drink at all if I'm going to drive

Vote Result

Related story: New alcohol limits catch first drivers

Featured Promotions

Sponsored Content

Then and Now