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Volume 32, Issue 2

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Monday, 12 July 2010 16:15

Executive Guide To Business Continuity

Written by 

Jeffrey M. Dato, MBCP Vice President, Risk Management and Corporate Real Estate Pinnacle Airlines CorporationCongratulations! By reading this, you are taking the first step along the journey to better understanding of how an effective business continuity program can affect (directly or indirectly) who you (as a company) are, how and with whom you do business, and which strategic direction to follow in order to minimize downside exposure to operational and reputational risk.The recent SEC ruling requiring companies to document risk management issues with their proxy statement underscores the scrutiny offices and directors are under with regards to managing their business in a prudent manner. That venue is an excellent opportunity to showcase the lengths your organization is going to ensure operational resiliency and how you value all stakeholders when considering strategic decisions. Your resiliency vehicle, business continuity management (BCM), is just one component of managing enterprise risk, typically tied to an enterprise risk management (ERM) program. As with ERM, linking BCM to your corporate mission statement