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As part of a review of the University's risk management processes, in January 2019, the Council approved the transfer of the principal responsibilities relating to risk management from the Risk Steering Committee to the Audit Committee and to dissolve the Risk Steering Committee with immediate effect.

The Risk Steering Committee was established as a committee of the Council in 2002 to advise the University Council on risk management. Up until 2018, the Risk Steering Committee submitted its minutes and an annual report to the Audit Committee for recommendation to the Council. Past minutes and papers from the Risk Steering Committee can be obtained by contacting Dr Elle Bateman (Elle.Bateman@admin.cam.ac.uk).