Board Minutes – Approval of a Business Continuity Plan

IN LIGHT OF THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023, THIS TEMPLATE IS CURRENTLY UNDER REVIEW. 

Directors are tasked with the management and control of their business. This includes planning how a company should maintain its business following an incident, event or emergency.

Any number of events can bring a business to a grinding halt - flood, fire, illness, power failure, break-in, vandalism etc. Business Continuity Planning is about identifying those parts of an organisation that cannot afford to be lost and planning how to maintain these if an incident (large or small) occurs.

These board minutes recognise the importance of putting in place a Business Continuity Plan (BCP) and approving its implementation by a company. Having board minutes that allow the directors to acknowledge the importance of a BCP and having a written record of their actions in its implementation ensures that the directors are meeting their directors' duties obligations.

A BCP must always be appropriate to the specific organisation in question and the level of detail these board minutes include will depend on the individual company's needs.

These board minutes are in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes. Wording in square brackets is optional. If it is required, then the brackets should be deleted and the wording within them retained. If the wording is not required, then it can be deleted.

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