REG - SIG PLC - Final Results <Origin Href="QuoteRef">SHI.L</Origin> - Part 3

SIGAnnouncement

09/03/2016 07:01

- Part 3: For the preceding part double click  ID:nRSI4709Rb 

                                                                                                                                                                                                                                                                                                                                                                                                              Key Mitigation Activities Include:                                                                                                                                                                                                                              
 IT infrastructure and cybersecuritySIG uses a range of computer systems across the Group. Outages and interruptions could affect the ability to conduct day-to-day operations, which could result in loss of sales and delays to cash flow.  Key systems are breached causing financial loss, data loss, disruption or damage.  A new ERP system is currently being implemented within the UK distribution businesses.  ·     Continual review of IT strategies to ensure they remain appropriate ·     Business continuity framework ·     Dedicated internal IT support team together with external support providers ·     Regular updates to technology, infrastructure,            
                                                                                                                                                                                                                                                                                                                                                                                                                         communications and application systems ·     The Group has advanced hardware and software security in place to ensure protection of commercial and sensitive data ·     For new IT projects, external consultants are utilised in conjunction with internal     
                                                                                                                                                                                                                                                                                                                                                                                                                         project management teams ·     Collaborative cross-functional risk group in place                                                                                                                                                                               
 Availability and quality of key resourcesUnavailability of key resources (e.g. assets such as property, stock and personnel) will impact on the ability of SIG to operate effectively and efficiently.  Failure to attract and retain key individuals, strong management and technical staff in the future could have an adverse effect upon the Group's business.                                                      ·     Strategic and budget reviews ensure all key resource requirements are identified and managed ·     Senior management succession planning ·     Continue to evolve a defined people strategy based on culture and engagement, talent management, training  
                                                                                                                                                                                                                                                                                                                                                                                                                         and reward recognition ·     Provision of channels for employees to raise concerns to promote an environment of honesty and trust                                                                                                                               
 
 
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