Find out about the Integrated Care Board’s Risk Management Strategy and Board Assurance Framework, which underpin the ICB’s wider risk management framework and describe the organisation’s approach to risk.
The Integrated Care Board’s Risk Management Strategy and Board Assurance Framework underpin the wider risk management framework and describes the organisation’s approach to risk management, including risk appetite tolerance.
The Strategy defines responsibilities for risk management and associated governance arrangements, including reporting arrangements to the board. It is intended to promote and embed best practice throughout the organisations and is applicable to all levels of risk.
The strategy facilitates a dynamic approach to risk management thereby enabling the ICB Board to remain sighted on the highest level risks and assure itself that appropriate mechanisms of control are in place.
Board Assurance Framework
Strategic risks are high-level risks that are pro-actively identified and threaten the achievement of the ICB’s strategic objectives and key statutory duties. Strategic risks are owned by members of the ICB Board, managed by the ICB Committees and are outlined within the ICB’s Board Assurance Framework (BAF).
The Assurance Framework provides the Board with confidence that the ICB has identified its strategic risks and has robust systems, policies and processes in place (controls) that are effective and driving the delivery of their objectives (assurances).
The Assurance Framework reflects both strategic risks relevant to the ICB as a corporate body and strategic risks associated with the delivery of system objectives/priorities.
The Assurance Framework plays an important role in informing the production of the Annual Governance Statement and is the main tool that the Board should use in discharging overall responsibility for ensuring that an effective system of internal control is in place.