What else is needed to move business continuity up on senior managements short list?
Boggini: I think we need to promote industry standards on what percent of our respective scope/budgets should be directed toward BC. If senior managers know that approximately 7 percent of their effort and dollars should go toward BC (similar to discussions on R&D spending), this will help further embed BC into senior management thinking and in the way we all run our businesses. Corcoran: We must not let complacency ruin business continuity. In some areas, the memory of September 11 is starting to burn out, yet we are constantly in terrorists’ gun sights. Higgins: Let’s have clear regulations with penalties, and better define the impact of the business continuity value chain. Patterson: September 11 woke up many CEOs to what we have been trying to get them to realize for years. Business continuity needs to be a partner with the rest of the organization. Federal regulations are usually effective in getting senior management to notice, but are often open to interpretation. One case in po
