5 Boroughs Partnership NHS Foundation Trust Annual ... - Monitor

I have delegated responsibility for the co-ordination of risk management to the
Director of Nursing and Governance. She is supported by the Deputy Chief
Executive, Chief Operating Officer, Director of Finance, Director of Human
Resources and Organisational Development and the Medical Director who are
responsible for overseeing risk management activities within their individual
areas of responsibility.
The Risk Management Policy clearly defines the governance and risk
management structures across the Trust and devolvement within each Trust
Directorate.
The breadth and depth of experience in the Trust Board is clearly reflected in
the way important decisions are developed, challenged and achieved.
Strategic planning and decision-making is carried out by the full Trust Board
without compromising the required independence and challenge of the Non-
Executive Directors as appropriate.
The Chief Operating Officer is responsible for leading strategy within the Trust
- taking account of external and internal influences including national strategy,
local needs and the Trust’s competitors’ plans.
KPMG completed a review of the Trust Risk Management Arrangements in
March 2012 with an overall rating given of Substantial Assurance
Risk Management Accountability
The Trust Risk Management Policy sets out the overall aims and objectives
for Risk Management that are delivered through an annual work plan set
against each of the objectives. The Risk Management Policy describes a clear
structured and systematic approach to the management of risk across
organisational, financial and clinical activities.
The Risk Management Policy sets out both the collective responsibilities of
the Trust Board and its Committees and individual responsibility of the Chief
Executive, Directors and all level of staff across the Trust.
The Trust Audit Committee seeks assurance that the risk management
process is comprehensive, effective, complies with regulatory requirements
and is fit for purpose by taking independent objective advice through the
appointment of internal auditors and approves the Annual Governance
Statement.
The Trust Board receives an Assurance and Risk Report at each meeting to
review the identification, evaluation and control of financial, clinical and nonclinical
risk and the risks against the achievement of the Trust High-level
Objectives.
Annual Report and Annual Accounts 2011-12 155