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ZURICH WELCOMES COMMISSION REPORT ON ROLE OF FINANCE DIRECTOR

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Zurich Municipal has welcomed the report published today by the Audit ...
Zurich Municipal has welcomed the report published today by the Audit

Commission on the role of the local authority finance director entitled Worth More than Money.

The report identifies risk management as one of the strategic issues

which finance directors are keen to address. A third of finance

directors believe they should spend up to a quarter of their time on

risk management issues, but 85% give it less than 5% of their time.

David Forster, of Zurich Municipal, said:

'We have always said that risk management is a vital corporate issue to be addressed by the finance directors and chief executive. The Year 2000 IT bug presents probably the greatest risk local government has ever faced. This along with the range of other risks which councils must assess and manage reinforces the importance of this area.'

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