Elements of Corporate Security

securitySecurity is an evasive element in any business. As such, many companies go to measures in order to attain the elements of corporate security.

Security is important in every business. No business establishment will go far without security. There are twelve (12) elements of a corporate security, namely: personnel security, physical security, information security, corporate governance, compliance and ethics programs, crime prevention and detection, fraud deterrence, investigations, risk management, business continuity planning, crisis management and environmental safety and health. These elements are present in any business enterprise with varying degrees.

Personal Security. This is the security that is provided by individuals for themselves. For instance, a business owner will hire additional companions for security purposes if he feels he needs it. On the other hand, he may purchase self-defense weapons like a gun or Taser guns for this purpose alone.

Physical Security. This type of security is synonymous with personal security. But when it comes to business establishments, this pertains to the security of the place or location of the enterprise. The presence of security guards, security cameras and properly installed security locks and pass codes.

Information Security. Information processed on computers that your business establishments have is confidential. This information should be kept private and only authorised persons should have access to it. Hospitals and health establishments that keep personal records and health information should be secured against theft. Information security is provided by a couple of software and standard operating procedures instituted for securing such security.

Corporate Governance. Corporate governance pertains to the major stakeholders of the company. Security is established in businesses by process, laws as well as policies. This is vital to prevent conflict of interests.

Compliance and Ethics Program. This pertains to existing policies regarding proper business transactions. Lawsuits are prevented from complying with these policies. Claims for insurance and health and elderly care services should also be checked for compliance and appropriate license and accreditation.

Crime Prevention and Detection. An example of this is the policy of banks in limiting the number and frequency of deposits to a particular savings account. This is one way of detecting money laundering activities of some individuals.

Fraud Deterrence and Investigations. Deterrence and prevention of fraud are sometimes interchangeably used. With fraud deterrence, the process or operating procedures of the company are reviewed or subjected to applications to an ISO accrediting company. An example of fraud prevention on the other hand is the audit process that certified public accountants do for financial transactions made by business entrepreneurs. An investigation is made when fraud is suspected.

Risk Management, Crisis Management and Business Continuity Planning. Business continuity planning involves new project and program proposals like new products or branch expansion as well as product relaunching activities. Risk management is actually a part of project planning procedures. When a project or program proposal is drafted, it should include foreseeable problems.

With such forecast, possible solutions are also reflected. This is how the risk gets managed by higher management when approving project proposals. When businesses talk about crisis management, this pertains to unforeseen problems that have come up and the troubleshooting process that they initiate to address the problem.

Environmental Safety and Health. This security classification is ensured by all entities within a company. Procedures for reporting an accident, annual medical and physical examination, utilization of tools that prompt bystanders and passers-by on the existence of a construction above their head as well as putting a sign on the wet floor are examples of these.

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