Rapid Response
Crisis management
Crises can, without careful handling, irreparably damage a company's reputation and financial position. It is essential to ensure that crisis management plans are in place and can be readily implemented to mitigate against such damage should the worst occur. Some of the questions your business should address are set out below:
- What is your first response if a regulator searches your premises or home, or if a fraud is uncovered?
- What would you do if there was a serious accident or fatality on site?
- Are your front line and back office staff prepared to react appropriately?
- How well versed is your senior management on external reporting obligations?
- Do you have a communications plan to deal with press and public interest and limit reputational damage?
- If you have a crisis management policy, does it cover all potential risks?
- Has your crisis management policy been stress-tested or subjected to a simulation exercise?
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Disclaimer: The information on this website is provided for informational purposes only. The information is not legal advice, which would depend upon the particular facts of your situation.