It is standard practice for companies to have a formal plan in place to be implemented should a crisis occur. More than three quarters of IROs who responded say their company has a formal crisis plan, with the remaining 24 percent split between those who definitively say their company does not have a plan and those who are unsure. This is an increase from when the same question was last asked in 2012, when just over two thirds (67 percent) affirmed that their company had a formal plan.
Although commonplace in every region, formal plans are most often seen in North America and are less established at European companies. Small-cap companies are significantly less likely to have a formal plan in place, while 85 percent of large-cap IROs say their company has such a plan. Small and mega-cap IROs are the least certain about whether a formal plan exists at their company.
Does your company have a formal crisis plan?
