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Business Resilience Program

Business Resilience Program Template for Singapore

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Key Requirements PROMPT example:

Business Resilience Program

"We need a Business Resilience Program document for our Singapore-based fintech startup that focuses heavily on cyber incident response and remote working capabilities, ensuring compliance with MAS guidelines while keeping the document concise and practical for our 50-person team."

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Document background
The Business Resilience Program is essential for organizations operating in Singapore's regulated business environment. It serves as a formal documentation of an organization's approach to maintaining operational resilience, incorporating both local regulatory requirements and international best practices. This document becomes particularly crucial in light of increasing business disruptions, cyber threats, and regulatory scrutiny. The program typically includes comprehensive risk assessments, response strategies, and recovery procedures, all aligned with Singapore's stringent compliance requirements and industry standards.
Suggested Sections

1. 1. Introduction and Scope: Defines the purpose, scope, and objectives of the Business Resilience Program, including regulatory compliance requirements

2. 2. Governance Structure: Outlines roles, responsibilities, and reporting lines for business resilience management

3. 3. Risk Assessment: Details the methodology for identifying, assessing, and managing business risks across operations

4. 4. Business Impact Analysis: Framework for analyzing potential impacts of disruptions on business operations and critical functions

5. 5. Response Strategies: Core response and recovery procedures for different types of incidents and disruptions

6. 6. Communication Plan: Protocols for internal and external communication during incidents and recovery

7. 7. Testing and Maintenance: Requirements for regular testing, review, and updating of the resilience program

Optional Sections

1. Industry-Specific Compliance: Additional compliance requirements and procedures for regulated industries such as banking, insurance, or securities

2. Supply Chain Resilience: Specific procedures and controls for managing supply chain disruptions and vendor dependencies

3. Remote Working Protocols: Detailed procedures for maintaining business operations through remote working arrangements

4. Cybersecurity Controls: Specific controls and procedures for managing cyber incidents and maintaining digital resilience

5. Physical Security Measures: Controls and procedures for maintaining physical security during disruptions

Suggested Schedules

1. Schedule 1: Emergency Contact List: Comprehensive list of key personnel, emergency contacts, and escalation procedures

2. Schedule 2: Business Impact Analysis Templates: Standardized templates and forms for conducting business impact assessments

3. Schedule 3: Recovery Time Objectives: Detailed recovery time and point objectives for critical business functions

4. Schedule 4: Incident Response Flowcharts: Visual representations of response procedures for different types of incidents

5. Schedule 5: Testing and Exercise Schedule: Annual calendar of drills, exercises, and review periods

6. Schedule 6: Key Vendor Contact List: List of critical vendors, their services, and emergency contact information

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Industries

Business Continuity Management Guidelines (MAS): Regulatory guidelines issued by the Monetary Authority of Singapore providing framework for business continuity management, particularly relevant for financial institutions

Singapore Standard SS ISO 22301: National standard for Business Continuity Management Systems providing requirements and guidelines for implementing, maintaining and improving a business continuity management system

Personal Data Protection Act (PDPA): Primary legislation governing the collection, use, disclosure and care of personal data, crucial for data protection aspects of business resilience

Cybersecurity Act 2018: Framework for the protection of critical information infrastructure and regulation of cybersecurity service providers

Electronic Transactions Act: Legal framework for electronic transactions and digital signatures, essential for business continuity in digital operations

Employment Act: Principal legislation governing employment relationships, relevant for human resource aspects of business resilience

Workplace Safety and Health Act: Legislation ensuring workplace safety and health standards, critical for physical business resilience

COVID-19 (Temporary Measures) Act 2020: Temporary legislation providing relief measures during pandemic, important reference for pandemic-related business continuity measures

Banking Act: Primary legislation for banking sector regulation, including specific business continuity requirements for banks

Securities and Futures Act: Regulatory framework for securities and derivatives markets, including business continuity requirements for market participants

Insurance Act: Principal legislation governing insurance business, including continuity requirements for insurers

Fire Safety Act: Legislation governing fire safety measures and emergency response procedures in buildings

Civil Defence Act: Framework for civil defence and emergency preparedness measures

Companies Act: Primary legislation governing company operations and corporate governance in Singapore

Corporate Governance Code: Guidelines for corporate governance practices, including risk management and internal controls

Public Utilities Act: Legislation governing essential utilities services, relevant for infrastructure resilience

Infrastructure Protection Act: Framework for protecting critical infrastructure and maintaining essential services

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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