Opportunity and Crisis: A Primer on Business Continuity Planning

Abstract

Governments and regulatory authorities have, for some time, encouraged private sector companies to create and implement contigency plans in the event that a crisis occurs. As a consequence of the globally disruptive events experienced since 2001, many national stock exchanges have imposed such requirements on listed companies and increasingly, comprehensive government regulation now requires such planning to be undertaken by the private sector. Moreover, key economic sectors such as banking and finance, public health and energy, now have regulatory requirements regarding such plans.