A corporate executive protection plan has great value to the company. There aren’t many templates to writing great a corporate executive protection strategy, and the few that can be found aren’t as comprehensive as desired. While it’s better at least have a plan than not to have a plan at all, a substandard the Corporate EP Strategy certainly isn’t desirable: Here are ten steps to writing a good corporate executive protection strategy:
The introductory part of the plan consists of four essential aspects:
Statement of Purpose: This is where you declare the reason for formulating your corporate protective strategy. You should remember to outline how it will improve your company.
Background: In this aspect, you need to mention how the values, business objectives, and the history of your company relate to your executive protection strategy. Remember to put into consideration the board mandates, business risks, corporate liability issues, Duty of Care, and personal risks.
Objectives: Declare the goals you are trying to achieve
Governance: Declare the entity that makes the decisions about your corporate executive protection
In the executive protection industry, this area is called RTVA or elaborately put Risk, Threat & Vulnerability Assessment. It is very much the same as the SWOT matrix. You need to consider personal preferences from your principal and the company’s unique corporate culture; findings from previous EP efforts; and specific threats (identify all indirect and direct threats). A situation analysis should also determine the vulnerability of the principal or the company to the identified threats.
Executive Protection Program Design
The design stage emphasizes 4W’s: Who is/are the principal(s) that should be protected. When will the principal(s) be protected (at what time)? What are the levels and kinds of protection? Where do your principals require protection?
Executive Protection Teams and Organization
As you assemble your executive protection team, you should be knowledgeable of the type of candidate you’re looking for and the role the candidate will play in the company as well as the qualifications of all members in your team. You should also have an idea of how they will interact with other officials and departments. A structure of how the executive protection team will communicate among themselves and outsiders need to be outlined.
EP Team and Organization Training
Identify who should be trained, the level of training, the certification, the type of training, and procedures? Create a career planning section where you will outline how the company will help the EP managers and agents develop their careers. Ensure that all the considerations are in line with corporate human resource procedures and objectives.
Make and defend the decisions on whether the company should outsource insource or embed key executive protection positions. This section should also detail how individuals will be searched, shortlisted, and evaluated. This is the point you also need to determine if contract policies and management are in order.
Delivery and Maintenance of the Program
What are the SOPs (standard operating procedures) for all essential processes? How will security risks be assessed? Are the ongoing programs in check? Can the ongoing programs be used for evaluation?
Reporting and Key Performance Indicators (KPI) Measurement
In this stage, the performance of the EP strategy is evaluated. Determine the reports that need to be created regularly, what they should contain, who should write them, and who should read them. Also, determine the ad-hoc reports that would be necessary.
What’s the cost of setting up the program? What are the recurring costs? What are your outlined procedures for reporting on finances?
Any good strategy must be accompanied by a procedure of how to make it a reality. The implementation plan should outline how to move the strategy forward, the entity responsible for rolling out the strategy, and who will approve it.
Appendices and Other Notes
Appendices and additional notes conclude any well-rounded corporate executive protection strategy. A glossary of references and terms, additional information useful to the strategy and other resources are presented here.