PracticeConsultingOne in five FDs have no disaster plan

One in five FDs have no disaster plan

With the world still reeling from the terrorist attacks in New York and Washington more than two weeks ago, one in five finance directors say that they do not have a disaster plan in place.

In the Accountancy Age/Reed Accountancy Personnel Big Question, one finance director explained: ‘It is always good to put these things in place, but until now our company has not really seen a need to do so.’ Peter Davidson, FD at Enterprise Forwarding, commented: ‘If you had asked three weeks ago I am sure people would have been less concerned.’

Some 72% of the UK financial chiefs questioned did have a plan in place. One FD said: ‘It is there to satisfy our insurers.’

He went on to comment that disaster recovery plans are often thought of as exclusively an IT issue, while the more practical implications – like not knowing what to do with staff turning up for work at a burned out building – are forgotten.

Steve Bagot, FD at Thermal Ceramics UK, said: ‘I think it is time for these recovery plans to be tried and tested, obviously in light of the recent tragedy.’

Links

Accountants must help in terror fight

Companies urged to test disaster plans

Risk disclosure in City sights

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