CHAPTER 27 - RISK MANAGEMENT FUNCTIONS OF EXECUTIVE COMMITTEE
38. Functions of the Executive Committee with respect to risk management
(1) The Executive Committee (EXCO) has a duty to monitor financial and performance management against the Municipality’s objectives and/or mandate.
(2) EXCO is responsible for overseeing the day-to-day implementation of the Municipality’s policies and making sure that the Municipality’s oversight structures are establishing and maintaining good governance practices.
(3) Furthermore, the EXCO also has risk management duties to:
a) Endorse risk management strategies and plans for approval, especially areas identified as high risks;
b) Make inputs to the strategic direction of the Municipality when risk management is concerned, and
c) Identify and communicate to the Accounting Officer opportunities and emerging risks affecting the Municipality.