Optimized Corporate Defense Programs: A 5 Step Roadmap
EDP Audit, Control, and Security Newsletter (EDPACS), Vol. 40, No. 1, pp. 1-15, July 2009
15 Pages Posted: 23 Feb 2010
Date Written: July 1, 2009
This paper begins by comparing the concept of defense in both the sporting and corporate worlds. It then identifies the critical components which constitute an organization’s program for self-defense, namely governance, risk, compliance, intelligence, security, resilience, controls and assurance. The idea of introducing a formal corporate defense program which integrates all of these critical components is then examined. The paper concludes by stating the business case for adopting a 5 step roadmap in relation to a formal corporate defense program and highlights how organizations can only expect to derive positive returns on their already significant investment in this area, once they arrive at step 3 and beyond. The paper stresses that in relation to corporate defense activities during an economic downturn, successful organizations need to be optimizing value while minimizing overhead and redundancy, and suggests that this 5 step roadmap can offer guidance on how to achieve this objective.
Keywords: Corporate Defense, Defense, Corporate Governance, Risk Management, Compliance, Intelligence, Security, Resilience, Continuity, Controls, Assurance, Audit, Investigation
JEL Classification: G3, G30, M1, M14
Suggested Citation: Suggested Citation