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Volume 32, Issue 4

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Thursday, 01 October 2009 10:16

Planning for Senior Executive Mishaps that Affect the Corporation

Written by  WILL GUNTHER

Every business continuity manager develops contingency plans for fires, floods, earthquakes and other disasters. The focus of these plans is to protect life, limit damage, and maintain business functions. One of the most overlooked concerns is that of a critical person becoming ill or missing while visiting remote or austere regions of the world. Traffic accidents, falls, heart attacks and other illnesses are far more common than major catastrophes but are often overlooked. Of course there are the more notable but less common instances of corporate kidnapping or aircraft accidents like the disappearance of American businessman and adventurer Steve Fossett in 2008. As a business continuity professional, one must be aware of the nature of travel used by senior executives. This will assist in determining the types of locating devices and flight plans filed by the pilots. Fossett owned and operated the plane he was flying. His plane had an emergency locator