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In July, we discussed the federal banking agencies' proposal to harmonize their respective risk management guidance. At the time, we highlighted three passages from the proposal that...
GMA Network announces another set of newly promoted executives from various groups such as Human Resources Development, Radio Operations, and Finance and ICT. Atty. Gerrome Y. Apolona Head of Human Resources Development Department (HRDD) Atty. Gerrome Y. Apolona has been appointed as First Vice President. Apolona’s group is responsible for the efficient management of the Kapuso workforce. Also through HRDD, the Network has instituted a training and development program anchored in valuing employees as the Network’s best asset. Under his leadership, the HRDD played a vital role especiall...
Sri Lanka’s first localised COVID-19 case was detected in March 2020 right around the time the official declaration by the WHO confirmed it as a pandemic. As nations around the world began shutting down en masse in a desperate effort to rein in surging infection rates and control the mounting death toll, the Sri Lankan government also announced an island-wide lockdown that lasted from March until May in a bid to control its first wave. The timing of the decision however could not have been worse, as it came at a time when the local economy was only just recovering from the spillover effects...
To embed, copy and paste the code into your website or blog: As discussed in “Business Continuity Planning Part 1: Managing Risk by Developing a Business Continuity Plan,” it is often the case that the difference between a failing business and company of great value, surviving for generations – is the ability to plan for, adapt to, and survive the unexpected. Business Continuity Planning (“BCP”) is the process of creating a system of prevention and ASSESSING VULNERABILITY As discussed in Part 1, the first step in Business Continuity Planning is to form the BCP Team, create the Mi...
To embed, copy and paste the code into your website or blog: Whether hurricanes, pandemics, wildfires, or other catastrophes like unanticipated shutdown orders, most companies are not immune to unplanned business interruptions. And while there are many legal, regulatory, and contractual requirements for companies to anticipate and plan for such, most organizations are woefully unprepared for an inevitable interruption to normal business activities. Often, the difference between a company of great value that survives for generations and those that are merely a passing concern is the ability to...