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Risk management

Risk management

Risk management

The effective and conscious management of risk forms a critical component of how governance operates at the City of Sydney.

Risk management principles are embedded into the way the City works, allowing us to identify and respond to opportunities for improvement and to manage and mitigate adverse outcomes. More information about risk management is contained in the governance guide, available for download below.

Internal audit

One of the ways the City ensures good governance is through our internal audit program.

The internal audit program helps the City accomplish its objectives by bringing a systematic, objective and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

Another important element of the program is its focus on identifying opportunities for continuous improvement within the City’s operations.

The Audit Risk and Compliance Committee oversees internal audit, risk management and governance. The committee includes 2 members of the Council and 3 external independent members – one of whom acts as committee chair.

Last updated: Thursday, 9 May 2013