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Preparing for disaster – A global study into corporate preparedness for disaster recovery and business continuity.

 

The latest global business survey from Regus reveals that companies across the world are almost evenly split between those that do have a disaster recovery plan in place for IT systems or workspace and those that do not. The main reasons for failing to have such a plan in place is reported to be the perceived high cost, although national variations are significant.

Click here to download

 

 

Playing it safe:  are you taking more risks than you should

Risk is at the heart of business, but directors don’t always realise their own vulnerability. Better Business explores some of the biggest risks business owners face, and how good risk management can help to mitigate them.

Click here to download

 

 

Third Sector Governance

The Third Sector is no different from any other business, in that a statutory framework exists, which in this case is the Charities Act administered by the Charity Commission, that prescribes how Trustees must act. Interestingly, most Trustees are unaware of their legal responsibilities or indeed that they have the same unlimited personal liabilities as company directors.

Click here to download

 

 

Restructuring in the Third Sector

The current political and economic climate has lead many third-sector organisations to question whether their business models are still financially viable or fit for purpose and they are anticipating a hard time ahead as the recession begins to bite.

Click here to download

 

 

Bribery Act

The Bribery Act 2010 modernises the law on bribery. It came into force on 1 July 2011 and could serious implications on how you do business both here and abroad.

Click here to download your Quick Start Guide

 

 

Business Continuity Insurance

Does your insurer or broker make allowances for effective risk management and Business Continuity Plans?

 

The Business Continuity Institute (BCI) has published a guide to Business Interruption Insurance (BII) and Business Continuity Management (BCM).  Key findings in the guide include:

·         BCM can help with BII by reducing risk as well as the scale and duration of losses

·         Discounts of up to 15% were achieved by some organisations from some insurance providers

·         BCM also helps businesses to get cover where otherwise it would not be forthcoming.

Overall, the report clearly illustrates that companies with BCM in place are better placed to recover from business interruption events, and thus lessen the scale of BII claims.

 

 

Public procurement

Following their election The Coalition Government made a commitment to develop new opportunities for civil society organisations in public service delivery. The consultation currently in progress will open more doors to Social Enterprises, stated in the Green Paper issued on 7th December 2010, as it considers how:

  • the Government can make existing public service markets more accessible to civil society organisations

  • to cut away unnecessary red tape by streamlining procurement processes.

In line with the consultation the forthcoming White Paper will explore how to maintain continuity of service and manage risks in light of these reforms.

 

Download a social enterprise toolkit here - 'Public Procurement – A Social Enterprise Toolkit'

 

 

Insurance arrangements flawed

Following on from their 2010 report, which concluded that neither companies nor insurers were sufficiently on top of the significant changes to corporate risk caused by the recent economic upheaval, the 2011 MacTavish PwC study digs much deeper into how risk is transferred from businesses to insurers and uncovers major flaws in how insurance is arranged.

 

Download the report here - ‘Corporate Risk & Insurance - the case for placement reform’'

 

 

Manufacturing optimistic

The Hazard Warning Report by insurer Zurich says that more firms are optimistic about prospects today than 12-months ago, while the state of the UK economy, emerging market opportunities and supply chain risk are the most important factors affecting companies.

 

Download the report here - 'Manufacturing Hazard Warning'

 

 

Counter terrorism

In today’s world of strife, dependence upon technology, and the tendency for things to go wrong just because they can, it’s easy to become bogged down in planning for every flap of the butterfly’s wing. What is often overlooked, is the huge difference between planning for what might cause a denial of access to business resources, and how the crisis is actually handled.

 

Download the article here - 'A War of the Words!'

 

 

Managing Threats in a Dangerous World

The CMI 2011 Business Continuity Management Survey shows clear advantages for organisations which do have plans in place to deal with crises when they hit.  Of those who had to activate plans, 84 per cent agreed it reduced disruption and 77 per cent stated that any cost in developing plans is offset by the business benefits they bring.

 

Download the report here - http://www.managers.org.uk/bcm2011

 

 

Charities Management

Organisations in the third sector are under no less pressure than their counterparts in the commercial world to demonstrate they have procedures in place to deal with adverse events.  Trustees bear the ultimate responsibility and the Charity Commission publishes specific guidance on risk management.

Download the article here - 'Continuing to Function in a Crisis'

Download a Guide for Trustees here - 'Charities & Risk Management'

 

 

Other useful links

The Resilience of England’s Transport Systems in Winter – October 2010

The Companies Act 2006

The Flood and Water Management Act

The National Risk Register of Civil Emergencies (2010)

 

 

Useful websites

ACEVO Consulting

Environment Agency’s Flood Warning Alerts

The Business Continuity Institute

Department for Business Innovation and Skills

British Standards Institute – Management Systems

British Standards Institute – BS25999

The Home Office

Health and Safety Executive

The Financial Services Authority

The Law Society of England and Wales (Lexcel)

British Insurance Brokers’ Association

Cabinet Office – UK Resilience

British Damage Management Association

Continuity, Insurance and Risk Magazine

Continuity Central

Contingency Today

Continuity Forum

 

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© Gimple Associates 2011 

e: tony@gimpleassociates.co.uk 

t: 07974 099221