Risk Management Policy

Summary

The Authority’s Risk Management Strategy is the adoption of a structured and focused approach to the management of risk through the identification, analyses, assessment and control of risks which threaten the effective and efficient discharge of its business.

Accordingly, the objectives of this strategy are to:

• Protect the reputation and image of the Authority.
• Improve the delivery of Strategic Priorities.
• Minimise the cost of risk and enhance the quality of outputs/deliverables.
• Ensure compliance with statutory obligations including Corporate Governance.
• Secure the Authority’s assets and resources.
• Achieve a prudent balance between retained and transferred risks.
• Correctly evaluate new opportunities for innovation and improvement.

The Authority also recognises the crucial importance of working closely with the Force in these matters to ensure the provision of an efficient and effective Police Service to the communities within the Dyfed Powys area. It is committed therefore to ensuring that Risk Management is an integral part of both the Authority and Force planning and management processes.