Business Continuity Planning
Newport Group, Inc. and its affiliates have developed a business continuity plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing this information on our business continuity plan.
Our Business Continuity Plans
In fact Newport maintains a number of active business continuity plans that are designed to respond to possible future business disruptions. Newport’s business continuity strategy addresses the issues associated with both short-term and long-term disruptions, including business processes and systems, data and technology, personnel, facilities, as well as internal and external communications. Alternative recovery and physical operations site arrangements are in place in order to facilitate uninterrupted processing of customer business activities in the event of a short-term or long-term disruption. In addition, alternative technology recovery sites have been established for all proprietary applications required to process Newport business activities.
Each alternative technology recovery site is of significant distance from any affected location so that localized disruptions do not impact the ability to activate the recovery site. In addition, each technology recovery site utilizes separate utility services from those used by our primary operations. Newport’s technology recovery strategies also include redundant technology and communications systems designed to maintain uninterrupted contact with employees, customers, partners and vendors.
Newport’s plan is designed to quickly recover and resume normal business operations after a significant business disruption and respond by safeguarding employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing its customers to transact business. A copy of the Newport business continuity plan is available to Newport customers upon written request.
Significant business disruptions can vary in their scope, such as only Newport, a single building housing Newport, the business district where Newport is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only Newport or a building housing Newport, we will transfer our operations to a local site when needed and expect to recover and resume business within 24 to 48 hours. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business within 24 to 48 hours.
If after a significant business disruption you cannot contact us as you usually do, please visit this website, newportgroup.com, for updates.