Ensure the organisation has effective business continuity and crisis management systems

Overview & Purpose

What This Standard Covers

This NOS outlines the governing body’s responsibility in establishing and overseeing business continuity and crisis management systems. It emphasizes the importance of regular independent assurance and testing of these systems.

Performance Criteria

• Determine the organisation’s approach to business continuity and crisis management
• Set up systems for continuous improvement in techniques and processes
• Allocate risk management responsibilities clearly at all organizational levels
• Monitor and review risk levels and business continuity plans
• Conduct regular assurance and testing of plans
• Review learnings from crisis events

Knowledge & Understanding Requirements

• Benefits of effective business continuity and crisis management systems
• Required resources, techniques, and attitudes
• Appropriate timing for external input
• Embedding plans throughout the organization
• Mechanisms and testing for early warning systems
• Follow-up processes for identified weaknesses
• Importance of independent third-party assurance
• Promoting a culture valuing business continuity
• Required resources for effective plans
• Risk escalation processes and management responsibility

Relevent Roles

• Managers and Senior Officials
• Directors and Chief Executives of Major Organisations
• Senior Officials of Special Interest Organisations
• Finance Managers and Chartered Secretaries
• Personnel, Training and Industrial Relations Managers
• Chartered and Certified Accountants
• Management Accountants
• Company Secretaries