Yang Berbahagia Tan Sri Dato’ Haji Abd Karim b. Munisar
Chairman, GRC Consulting Services Sdn Bhd (GRCCS)
Encik Abdul Razak Yaacob
Chief Executive Officer (CEO)
GRC Consulting Services Sdn Bhd (GRCCS)
Mr. David Thorp
Business Continuity Institute, United Kingdom
Distinguished Guests, Ladies and Gentlemen,
A very good morning to all of you
It is indeed my pleasure to deliver a keynote address at the GRCCS-BCI International Conference & Exhibition 2017 on Business Continuity Management (BCM) today. I am here on behalf of Yang Berhormat. Dato Sri Mustapa Mohamed, Minister of Ministry of International Trade and Industry.
First of all, I would like to congratulate the organisers of GRCCS and the BCI United Kingdom for organising this international conference and exhibition 2017.
I was informed that this is the second time the GRCCS-BCI International Conference and Exhibition on business continuity management is held in Malaysia. This followed the successful inaugural conference held at the Putrajaya International Convention Centre (PICC) last year.
Let me also congratulate the Malaysian Administrative Modernisation and Management Planning Unit of the Prime Minister’s Department of Malaysia (MAMPU) for endorsing and participating in this international conference. I would like to welcome the international speakers from the United Kingdom, United States and Hong Kong to Malaysia.
Building Organisational Resilience In A Challenging World is the theme chosen for this year’s conference. Indeed we are living in a challenging world and it is increasingly important that our companies be well prepared for unexpected disruptions and build their resilience.
The recent ransomware attacks affected about 200,000 networks across 150 countries, including the NHS in the UK. This is a stark reminder how vicious the cyber threat can be. Our modern world is heavily dependent on IT systems.
Even though these systems provide a myriad of benefits, they also have their pitfalls, as we have seen. Beyond such large-scale disruptions, minor disruptions can also affect our businesses, such as power outages, ceiling collapses and fires.
All organisations whether government agencies, public listed companies or SMEs need to build resilience into their businesses and organisations, and ensure that they are able to recover from unexpected shocks. The government aspires for BCM to be embraced so that government agencies and companies are able to respond and adapt when faced with business disruptions, emergency, disaster and crisis.
The adoption of BCM standards is one way for organisations to systematically identify risks, carry out Business Impact Analysis (BIA), develop contingency plans, business continuity plans and enhance their organisational resilience.
BCM is almost certainly likely to prepare organisations better for disasters and tail risk events even if those specific events were not exactly contemplated. This is because the organisation will be naturally better at coming together in a crisis situation, and would be able to leverage on some of the core elements of response and BCM plans that have already been developed and tested.
The adoption of The Good Practice Guidelines (GPG) issued by The Business Continuity Institute (The BCI) are encouraged to enable organisations to understand and prioritise the threats to their businesses, as well as put in place a BCM system and ensure that the business recovers from disruptive incidents.
Certainly the government encourages all BCM practitioners to upgrade their knowledge and obtained professional qualification in BCM such as the CBCI Certification issued by the Business Continuity Institute, United Kingdom which is globally recognised.
I am pleased to take note that there will be a CBCI graduation ceremony carried out in conjunction with this conference, which is the third CBCI graduation ceremony in Malaysia hosted by GRCCS and The BCI United Kingdom. Having a pool of qualified Business Continuity Professionals certainly provides the manpower required for the industry and organisations to implement the best practices and standards on BCM.
It is also encouraging to note that various organisations from the public sector, public listed companies, GLCs, and private companies are here today at this conference. This certainly shows that all sectors in Malaysia has started to embrace BCM in their organisations.
This will contribute to resilient companies in Malaysia which will be able to continue delivering their products and services even in the event of business disruptions, emergencies or disaster.
In conclusion, as more companies enhance their BCM capabilities, it will elevate the overall productivity, quality and competitiveness of Malaysia’s industries. This will also result in the creation of a reliable business environment for large companies and SMEs, through the growth of a pool of dependable and resilient local business partners.
Once again, congratulations to the organisers GRCCS and the BCI United Kingdom for organising this international conference and exhibition 2017. I am confident that this conference and exhibition will take us one step forward as we strive for greater resilience for the nation through BCM. On that note, it is with great pleasure that I hereby officiate The GRCCS-BCI International Conference and Exhibition 2017.