CARES ACT Webinar Series

Succession Planning

Presented by: Steve Puryear, CPA - MSU CAVS Extension

Succession planning is a crucial part of ensuring your company's longevity and security. If you set a comprehensive plan in place early on, your organization can navigate leadership transitions and other unexpected events with ease. A successful succession plan involves several essential steps, including identifying key positions, choosing qualified candidates, and training promising employees.

Does my company need a business continuity plan?

Every business owner with a successful, profitable company needs a succession plan. A succession plan is a necessary step for ensuring that your business continues to thrive even in the event of loss of leadership. A succession plan can help you prepare for the future, avoid miscommunication, and make sure that your company upholds the values and goals that were set when it first began. If you are concerned with how your business would be impacted by an untimely illness or death, formulate and implement a succession plan.

When should I create a business continuity plan?

You can create a succession plan at any time, but it is generally a good idea to write one as soon as possible. Succession plans are primarily used to lessen the negative consequences of unexpected events, so the earlier you write them, the more beneficial they can be.

When drafting a plan, many organizations allow for two categories of events: death/accident and retirement. Death/accident plans are reserved for worst-case scenarios and should be finalized well-before they are needed. Retirement succession plans are usually executed gradually over a long period of time and often focus on a predetermined date, set several years in the future.

Cybersecurity

Presented by: DeMarcus Thomas - Center for Cyber Innovation (CCI) and Judy Johnson - MSU CAVS Extension

How Businesses Can Assess Data Security and Manage Risks Systematically

Government contractors and businesses alike are targets for cyber-attacks. The threat landscape is always evolving and businesses must protect themselves and their clients. To address this, the Department of Defense (DoD) has developed guidelines for how important information residing on non-DoD information systems should be protected.

Effective November 30, 2020, the Defense Federal Acquisition Regulation Supplement (DFARS) Interim Rule will impact how government contractors are required to protect Federal Contract Information (FCI) and Controlled Unclassified Information (CUI) moving forward. It also specifies new requirements on how self-assessments must be reported.

This webinar will provide insights into how businesses should address these requirements and will discuss key standards such as the Cybersecurity Maturity Model Certification (CMMC) and NIST SP 800-171, answering such questions as:

• What are the benefits of the CMMC?
• What types of businesses do the DoD cybersecurity requirements impact?
• How can I self-assess my business's cybersecurity maturity and develop a plan of action for risk mitigation?
• The CMMC is coming. Do I now disregard NIST SP 800-171?

Business Continuity Planning

Presented by: Steve Puryear, CPA - MSU CAVS Extension

A successful business continuity plan involves several essential steps, including identifying key personnel, various operations centers within the business, choosing responsibilities of various personnel, and training employees for basic disaster response.

Does my company need a business continuity plan?

Every business owner with a successful, profitable company needs a continuity plan. A business continuity plan, including a disaster recovery plan, is a necessary step for ensuring that your business continues to thrive even in the event of disaster or adverse occurrences. A business continuity plan can help you prepare for future disasters, avoid miscommunication, and make sure that your company protects its employees, property and customers as best it can. If you are concerned with how your business would be impacted by flood, hurricane, tornadoes, or explosion, formulating and implementing a business continuity plan is definitely worth doing before the need arises.

When should I create a business continuity plan?

You can create a plan at any time, but it is generally a good idea to develop one as soon as possible. Continuity plans are primarily used to lessen the negative consequences of unexpected events, so the earlier you develop and publish them to your employees, the more beneficial they can be.

When drafting a plan, many organizations allow for two categories of events: disaster recovery and business continuity. Disaster recovery plans are reserved for worst-case scenarios and should be finalized well-before they are needed. Business continuity plans are usually executed gradually over a long period of time and often focus on regular reviews and updates.

COVID-19 and the Workplace

Presented by: Paul Finger Lynes, PE, CHMM and Glenn Dennis, PE

Purpose:

The purpose of this webinar is to inform employers and employees of the precautions and practices to reduce the risk of COVID-19 in the workplace.

Agenda:

1. What is COVID-19?
2. What are Best Management Practices?
3. What are the Requirements?

Objectives:

• Review the nature of COVID-19 virus
• Review guidelines personal protection
• Identify workplace practices to reduce the risk COVID-19
• Identify regulations and requirements applicable to COVID-19 in the workplace