10 Best Practices for Succession Planning

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10 Best Practices for Succession Planning

Effective succession planning for the C-suite ensures organizational resilience. The goals – seamless leadership transitions, mitigate risks of unexpected departures and maintains robust security postures during times of change. Alarmingly, only 25% of companies have a comprehensive succession plan, leaving many vulnerable to disruption.

Chief information security officers (CISOs) are pivotal in modern organizations. Business continuity, cybersecurity and crisis management are paramount because these elements maintain operational stability and protect company assets. Zac Amos outlines 10 best practices for CISO succession planning.

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In the Know...

The Realities of Artificial Intelligence in Risk Management: Opportunities, Risks, and Practical Approaches

Webinar Tomorrow: Thursday, June 20, 2024 @ 11am ET | 4pm GMT -This thought-provoking webinar on the dynamic landscape of artificial intelligence in risk management features the esteemed operational risk management expert Dr. Ariane Chapelle. Dr. Chapelle will delve into: The main opportunities for risk managers to embrace advanced data analytics and machine learning;The inherent risks and how to navigate misuses;A practical approach to AI management within the context of model risk management and data governance.Don't miss this opportunity to demystify AI, explore its potential, and equip yourself with a down-to-earth approach to navigate the risks.

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Data Resilience: How to create an identity-first security model

Eric Olden of Strata Identity recommends a multistep process.

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Cyber Concerns: Gen AI is top of mind across the globe, report finds

A new Bitdefender report surveyed more than 1,200 IT and security professionals globally.

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DHL Report: How to boost supply chain resilience

This new framework offers a method for diversifying your supply chain.

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Understanding Resilience: Business psychologist explores myths that may be holding us back

What if the way we’ve been thinking about resilience isn’t actually helping us cultivate it?

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Survey Says: Downtime has significant impact on companies’ bottom lines

 A new global report highlights the direct and indirect costs of unplanned business downtime.

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Content Crisis: Preparing for a Deepfake Incident

Deepfakes are becoming more common as AI evolves, so it’s important to include them in crisis strategies.

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Video Update: The Role of Facilities Managers in Active Shooter Scenarios

Glenn Norling, executive director of the community of experts at the Active Shooter Prevention Project, explains what facilities managers can do to prepare for and prevent active shooter events. One key focus is proper training, whether through active drills or tabletop exercises.

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Industry Pulse

Read or Listen KEY BRIDGE COLLAPSE: UNITY OF EFFORT

The National Incident Management System includes unity of effort as one of its guiding principles. It is easy to spot in after-action reports when it is not in place on a large-scale incident.

However, the opposite seems to be true for the Francis Scott Key Bridge Collapse response and recovery work in Baltimore, Maryland. Unity of effort has been apparent – from the bridge collapse and death of six workers on March 26, 2024, to the ongoing environmental and economic restoration of business in and around the port and channel. Read or listen out loud to this article describing the success of “unity of effort” in this disaster.

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