ScanlanKemperBard Companies, LLC (“SKB Companies”) has 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 you with this information on our business continuity plan.
Contacting Us – If after a significant business disruption you cannot contact us as you usually do at (503) 220-2600, you should go to the website of the SKB Companies at www.skbcos.com, and you will be provided with instructions on how to contact us. The website will also provide you with information on pending projects or, if you have already invested, instructions for contacting SKB Investor Relations to inquiry about your investments.
Our Business Continuity Plan – We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and continuing to transact business. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.
Our business continuity plan addresses: data backup and recovery; all mission critical systems; financial and operational assessments; alternative communications with clients, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assisting our clients obtain information about their investments.
Varying Disruptions – Significant business disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm 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 our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within 48 hours. In a disruption affecting our business district, city, or region, we may need to transfer our operations to a site outside of the affected area, in which case we would expect to recover and resume business within 72 hours. In either situation, we plan to continue in business and will notify you how to contact us through the SKB Companies’ website at www.skbcos.com. If the significant business disruption is so severe that it prevents a transaction in escrow from closing, we will assure our clients’ subscription deposits are promptly returned by the Escrow Agent.
For more information – If you have questions about our business continuity planning, you can contact us at (503) 220-2600.