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certification resources
Introduction to the Certification Program Working Groups
March 17, 2008 5:27 PM
InterCEP's research suggests that the success of this preparedness accreditation and certification program will depend largely on the extent to which the program addresses operational needs of organizations and to which bottom-line incentives can be forwarded through the program. Working groups are therefore being organized around topics that correspond to key elements of the business case for preparedness certification, including:
- The Legal Working Group
- Specific questions to be addressed by this working group include:
- How can voluntary compliance with industry best practice standards potentially mitigate legal liability in the aftermath of an crisis?
- How should corporations document their preparedness programs to mitigate risk of post-event litigation?
- What are current best practices?
- What are current obstacles?
- How should the preparedness
certification process be designed and implemented to draw from and reinforce
the documentation of preparedness programs? - The
Insurance Working Group - Specific questions to be addressed
by this working group include: - How do insurance underwriters
currently take account of preparedness efforts undertaken by firms:
in business interruption policies; in directors’ and officers’ (D&O)
liability policies; and in property and casualty policies? - How should the preparedness
certification program be designed and implemented in order to provide
insurance underwriters with relevant information? - The
Rating Agency Working Group - Specific questions to be addressed
by this working group include: - How do rating agencies currently
acknowledge preparedness activities by corporations that they rate? - How does the decision by S&P
to consider including enterprise risk management (ERM) in the ratings
process for all firms potentially change the landscape? - How should the preparedness
certification program be designed and implemented in order to provide
ratings analysts with relevant information? - The
Business Reporting Working Group - Specific questions to be addressed
by this working group include: - What existing business reporting
requirements (incl., voluntary and regulatory frameworks) address elements
of preparedness? - How should the preparedness
certification program be designed and implemented in order to accommodate/acknowledge existing preparedness reporting efforts and avoid any duplication? - The Supply Chain Working
Group - Specific questions to be addressed
by this working group include: - How do firms in supply chain
relationships already assess and audit each other’s preparedness? - How should the preparedness
certification program be designed and implemented in order to build
on current practices in supply chain resilience and the
assessment thereof?