Joint Forum BCP principles published
LONDON – A new set of high-level principles for business continuity – issued by the Joint Forum in December – are being read by industry executives alongside newspaper headlines about bird flu preparations by firms such as London-based bank HSBC. In early January, the world's third largest bank told newspapers that it was expecting absenteeism of up to 50% of its staff in the event of a pandemic hitting the UK.
The paper, High level principles for business continuity, firmly establishes business continuity as a risk management issue, and also stresses the fundamental importance of ensuring lines of communication remain open during a crisis.
More specifically, it includes seven principles that focus on board and senior management responsibilities, major operational disruptions, recovery objectives, communications, cross-border communications, testing and business continuity management reviews by
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