https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2351/Crisis-Management-Plan-Introduction/
... Management Plan Legal Considerations SEC - Securities and Exchange Commission SEC Staff Accounting Bulletin No. 92 (SAB 92), June 1993, requires all companies whose shares are traded on U.S. Stock Exchanges to: 1. Quantify and disclose best estimates of contingent product and environmental liability 2. Explain the basis for estimates and describe any uncertainties in annual and quarterly reports filed with the SEC TSCA - Toxic Substance Control Act of 1976 Requires educating employees for their reporting of exposure and, if employees are dissatisfied with employers procedures and conclusions, ... , asset conservation, operational continuity, legal compliance and maintenance of revenue production with the ultimate goal of financial survival. Also of concern are loss exposure perils affecting such issues as life safety including evacuation and medical emergency, fire, explosion, earthquake, structural collapse, pollution abatement, flooding, severe weather, workplace violence, civil commotion and bomb threats. In summary, the proposed methodology in a Crisis Management Plan (i.e., Policy Statement, Committee Operation, Manual) generally remains consistent. The factors that vary significantly involve ... hazardous incidents and spills on navigable water DOT - Department of Transportation (49 CFR 130) Now requires an Oil Spill Prevention and Response Plan (by 9/30/93) for any vehicle transporting 3,500 gallons of any petroleum oil and any facility with tanks of 42,000 must have a spill plan on the vehicle and at the facility. Also, DOT regulations now cover shipping and receiving areas, operations and employees. 3.4 Plan Advantages and Opportunities Exhibit 3.1 identifies the numerous advantages and opportunities associated with the adoption ...
https://completemarkets.com/Article/article-post/2351/Crisis-Management-Plan-Introduction/
...ates of contingent product and environmental liability
2. Explain the basis fo...lace
Post-crisis image enhancement for stakeholders
Protection for Officers and Directors from neglige...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2352/Crisis-Management-Plan-Crisis-Impact-Considerations/
... hostile stock takeover, hostile competition via patent infringement and adverse labor relations are factors to be considered but they are not necessarily applicable to the risk management spectrum. Other items such as regulatory activity have an impact on the business analysis including, but not limited to the Environmental Protection Act (EPA) and the Occupational Safety and Health Act (OSHA) and American Disability Act (ADA) . 4.2 Comprehensive Analysis In projecting the probable maximum foreseeable event, it is important to combine several exposures in order to achieve a realistic impact on ... it is important to extend the impact on finances to assess the effects of major losses against either self-insured or experience rated group medical benefit plans. Consideration should be given to other specific adverse exposures such as hostile takeover, product extortion, product contamination, product recall, pollution, limited resource interdependency, government regulatory problems, destructive union and strike activities as well as hostile media situations. 4.3 Evaluating Crises Exposures In the process of evaluating crises exposures, a determination concerning estimated probability of crises loss should be developed concerning the following factors: ... the maximum foreseeable crises events. Consideration must be given to the accumulation of deductibles, self-insurance financial loss exposure and ultimate modification of experience rated insurance policies. An effective vehicle for determining adequate limits of coverage and realistic recovery time is the utilization of a risk management Think Tank' analysis session involving concerned senior management. For example, in determining the limits for a manufacturing facility, including recovery time and possible contingent business interruption exposures, the formal meeting would involve the Chief Financial Officer, Director of Operations, Director of Taxation and other ...
https://completemarkets.com/Article/article-post/2352/Crisis-Management-Plan-Crisis-Impact-Considerations/
...luding, but not limited to the Environmental Protection Act (EPA) and the Occu... conduct its business. It is essential for ever business operating in a regula...