Corporate governance begins with the individual.
Within the organization, and not always at the top of the organization chart--management and staff share the responsibility of anticipating current and future compliance requirements compared to exposure and risk.
Recognition that due diligence and basic corporate governance comes with a job description that is often unclear or worse—invisible until the worst case scenario happens.
A disastrous fine can ruin the Profit and Loss statement just as easily as fire, flood or loss affecting operations and business continuity.
If your company does not currently maintain a comprehensive understanding of:
- Net worth of non-liquid assets
- Replacement costs and
- Cost to insure at commercial rates
- Inventory of floorplan (repossessed commercial and residential properties condition and content) including visual records - video and still images
- Itemized listing by manufacturer, model/ serial number and other descriptions
- Disaster recovery and business continuity plans which adapt as requirements change then your input will come at the right time.
Understand more about how a proactive inventory of fixed assets and the capture of physical ‘pre-loss' images can cement your organization's durability in the face of a catastrophe (click here to learn more). After the calamity, when its too late, someone is always accountable for the lack of planning.
