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Security is High On CEO’s Expense Report

Posted By:  |  August 7, 2013  |  0 Comment(s)

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If you are the CEO of a company, then you make big decisions and hold some weight as to the direction of that company and how it will profit year after year. If something were to happen to you, such as an illness, an accident, violence, murder, or even something tragic happening to a close family member, then the company would suffer as well.

NetworkWorld reports:

Some tech boardrooms go to expensive lengths to protect the top brass, authorizing company funds for cars, drivers, bodyguards and home security systems to keep the CEO safe.

The cost is high, but proponents view safeguarding the CEO as a necessary business expense. The CEO is among a company’s most valuable assets, and protecting that asset can minimize corporate risk and align with shareholder interests.

Targets of burglary and home invasions can vary, from a random home chosen with the homeowner simply at home…to the CEO and his wife and kids who were targeted due to their wealth.

People with money and those in positions of notoriety and higher social status need to take additional precautions. Higher-profile people usually have access to otherwise secure facilities, combinations to the bank safe, passwords to secured information, and status that makes them and their families targets.

But what makes the CEO a bigger risk is that, in fact, her spouse and kids who are out and about are often more accessible than the CEO herself.

If you are a C-level company officer or head of a corporation, security is probably high on your radar. But for most of us, it’s an afterthought. Which I think is a mistake.

Security surveys and evaluations should be done at least annually to determine whether family, nannies or others close to the family should receive any personal security and self-defense training or have an additional security system installed too.

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