Duties and Legal Ramifications

It is nearly impossible to predict disasters and often times just as difficult to predict potential legal situations.  In the past decade there have been significant changes to the duties of corporate officers, including legal ramifications if they are found to have not performed their job in the best interest of the company and shareholders.  While there are no set laws that demand specifics of Business Continuity and Disaster Recovery Plans, there can be legal ramifications under those conditions where a corporate officer did not take steps necessary to protect assets and ensure business operations can continue under less than ideal circumstances.  Legal action is one of the largest risks that can go with reduced consideration.  Not only can corporate officers be at risk, the corporation can be at risk from employee, customer or vendor related incidents that may related to a disaster causing personal injury or other negative effects.  Every business should protect itself to the degree that is cost effective and feasible.

 

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