Adopted the reference Risk Management, Oversight & Accountability model as approved by the Finance & Budget Network and outlined in document CEB/2014/HLCM/14.
Encouraged member organizations to communicate the adoption of the Model with internal and external stakeholders, in line with the original objective of strengthening the common positioning of UN organizations in the discussions on monitoring and oversight. In this respect, the Committee requested the CEB Secretariat to prepare a note of this discussion and transmit it to the Panel of External Auditors in advance of their annual meeting of 8-9 December 2014.
Requested the HLCM Working Group on Risk Management, Oversight and Accountability to conduct an assessment of costs related to the oversight and accountability structures and mechanisms, for the entire UN system.
Requested the existing Enterprise Risk Management Community of Practice to conduct, under the leadership of the UN Secretariat, a preliminary assessment of the feasibility of developing a UN system Risk Register, focusing on systemic risks, and within the scope of the post 2015 Fit for Purpose discussion.