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Write a 4 page essay on Security Management: Living in Two Worlds.It examines the role of corporate security risk assessment focusing the Turnbull, Sarbanes Oxley and the Combined Codes on corporate g
Write a 4 page essay on Security Management: Living in Two Worlds.
It examines the role of corporate security risk assessment focusing the Turnbull, Sarbanes Oxley and the Combined Codes on corporate governance.
Introduction: There is a tendency for bigger organizations to undermine the importance of security management as much of the importance is placed on their commercial activities. This leads to an apparent dislocation in many organizations between the outward facing commercial activities of a company and its inward-looking security/risk department and issues connected with security appear to be sophisticated issues in the eyes of the board and senior management. So, security department, to be more effective, should engage senior management and board members in all the security-related issues: thus the security department has to reinforce how fundamental is their role to the well-being of the company and how their work is more attuned to the management of risk than many board members. Thus, the dislocation between the board and corporate security needs mending and the initiative should be taken by the security by redefining their changed role in the organization by proving themselves to be the key group in the organization/company.
The senior management must be very much aware of what ‘security’ is doing and their activities should be auditable. The security task includes an efficient system of risk management and this risk management should be based on the corporate governance requirements. There should be an integrated approach whereby the whole process of risk management, security activities, corporate governance code etc are managed and directed properly for better efficiency and effectiveness.