Business Continuity

Boustead Group recognises the need for Business Continuity Management (BCM) as a framework that enables essential business functions to be restored in the event of any unplanned disaster.

We have begun adopting a comprehensive Business Continuity Management Framework, commencing with selected business units. Eventually, we look to complete the implementation of this Framework across the Group.

Our business continuity initiatives also extend to managing risks in our supply chain. Several of our business units have implemented supply chain continuity guidelines, working together with their suppliers and business partners. We have also initiated efforts to improve Groupwide sourcing practices, focused on mitigating future disruptions while enhancing effectiveness and efficiency.

Addressing IT Risks

An increasing digital footprint brings with it the need to be prepared for the risk of cyber-attacks. To safeguard the Group, we have put into practice a Group-wide IT Policy that regulates permitted use of IT assets and infrastructure, IT procurement as well as incident management, amongst other relevant areas.

We are also working towards implementing a Group-wide Cybersecurity Management Policy, which is tailored to our specific risk landscape as well as security structure.

As a testament to our commitment to enhanced cybersecurity, our pharmaceutical arm, Pharmaniaga has maintained its ISO 27001:2013 certification, a widely recognised international standard mandating uninterrupted control of operations, oversight, maintenance and continuous improvement to the information security management system.