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Best Practices of Risk Mitigation for Corporations

Best Practices of Risk Mitigation for Corporations

Threats to high-ranking individuals and families have always existed and will occasionally materialize. However, the likelihood of them being realized can be thwarted thanks to risk mitigation measures put in place by an experienced EP team. On that note, this article explores how to reduce threats to the world's wealthy and prominent spending time in a corporate or similar setting.

One adage goes, "The best time to start was yesterday. The next best time is now." So too with mitigating a myriad of threats in the immediate and outer environment of the principal. From fixated individuals to stalkers and activist groups, corporate leaders and their associates are uniquely exposed to attacks on their property and life.

Along similar lines, it is the job of the executive protection firm to protect the brand reputation of the principal's company. In other words, it isn't only about risk mitigation for physical, tangible objects and people. It also concerns itself with how the public regards a brand after an unfortunate event.

Thus, EP agents have to provide a 360-degree assessment of security, making sure many items come into place, including:

  • Buildings, offices, venues,
  • Household staff, chauffeurs, workforce, and
  • Routes, routines, vehicles.

These three segments need to sync together in order to provide bespoke protective services to the client. In a broader sense, it is up to the security professionals to find out all the unknowns each step of the way. For example, does our suspicion that somebody is surveilling the principal suffice for us to change daily routes? Or, is the client's office in the corporate building adequately isolated from the entrance and exit?

Succinctly, putting best practices of risk mitigation into action means:

  • Discovering information and facts, and
  • Devising plans to respond to eventualities.

Office Security and Risk Mitigation 101

One study suggests that executives spend almost 10 hours daily at the office. Due to their exceedingly complex jobs, they often allocate even greater timeframes to their work, including being on the phone and in different meetings outside the corporate setting. However, one thing is for sure: They don't have the time to ponder risk mitigation measures for themselves and their company.

At any rate, it is indisputable that high-ranking officials spend plenty of time in the office. There, they can come under attack by different threat actors. To handle the unexpected, we advise compiling an office security plan that relates to:

  • Office policies and hours,
  • Accessibility, and
  • Employees.

These three factors are paramount when deciding who, when, and how gets in and out of the office. Without such policies, any company can become liable for exposing sensitive data. Thus, it is the duty of the protection company in charge to create procedures for security clearance and accessing rooms and files.

As a matter of fact, it may even be wise to institute non-disclosure agreements with employees to prevent anybody from revealing certain information. Speaking of employees, some can become disgruntled and turn against their employers, leading to hostile terminations — or worse. So, make sure to factor that in when imposing risk mitigation deterrents like on-site security officers.

Similarly, ask yourself about the immediate vicinity around the office: Is the parking lot monitored through CCTV cameras? Is it notoriously near the principal's window? Again, these should raise red flags and preferably lead to elevated security measures.

Coupled with cameras, alarms, and access control points, an office security plan reduces the risk of injury, embarrassment, or death for everyone involved.

But what happens when trouble still strikes, no matter the risk mitigation measures imposed?

Emergency Operations Plan

Most eventualities can be prevented. Nevertheless, an emergency operations plan should be the response for those that persist.

For starters, this document lists the responsibilities and procedures of the personnel in charge of implementing it. In a nutshell, an emergency operations plan:

  • Details a crisis management team that assumes responsibility in times of crisis,
  • Establishes an early warning system for company personnel, including alarm notification,
  • Plans an evacuation procedure, with diagrams of evacuation routes placed in offices, near elevators, and at stairwells,
  • Plans and prepares shelter and relocation areas, and
  • Maintains ongoing liaison with local authorities.

With these in place, the executive's environment can become much safer in case of emergencies. Therefore, we recommend having your executive protection team implement some form of this program to prepare for the unexpected.

Other Barriers

Apart from fences, gates, walls, and hedges, an experienced security team can dissuade an attacker from striking by introducing psychological barriers. Also known as deterrents, psychological barriers are erected as motion detectors with floodlights and highly visible cameras.

Other impediments to attacks include on-site security guards acting as visual deterrents. In other words, they will make a potential intruder think twice before striking due to their sheer presence. These risk mitigation measures are particularly helpful in the corporate setting, where an employee receiving a termination letter could quickly turn violent.

In the same vein, other barriers could be "inconspicuous," like female EP officers. For example, they can act as nannies or members of household staff. Thus, they may seem harmless to potential attackers — or at least until they respond to an attack. Nevertheless, trained and experienced female security can be as effective as any other individual or team in preventing or responding to intrusions.

In Conclusion

As with all things in protecting the world's wealthy and prominent, the exact security plan will depend on the risks at hand. Hence, we urge you to remember that no two venues, no two streets, and no two offices are the same. They all require a unique approach and an accompanying threat, vulnerability, and risk assessment!

To that effect, an angry crowd of protesters in front of a corporate building will necessitate crowd control measures. Conversely, a group of disgruntled or dissatisfied employees may require more robust access points. It all depends on the particular threats that are present on the ground.

But ultimately, risk mitigation happens when physical, psychological, and inconspicuous barriers come together to ensure safety for the executive, their closest associates, and their family.

Bedrock Special Projects provides peace of mind by implementing risk mitigation measures to benefit prominent individuals, their families, and corporations. The Art of Executive Protection – Delivered with Elegance by Design.

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