Preparedness and resiliency are not only a strategic and competitive advantage, but essential to the overall vitality of our company and our ability to serve our customers and shareholders.
Through our Business Continuity and Resiliency program, Synopsys is actively engaged and prepared for potential crisis events and able to absorb impacts, respond and recover in a timely and effective manner, protect the safety and trust of our employees and customers, and avoid or minimize damage to our company and reputation.
Our program is built on the International Organization for Standardization (ISO) 22301 Societal Security and Business Continuity Management Systems framework and follows a resiliency model that includes plans for emergency response and recovery, business continuity, disaster recovery, cyber-response, and the gathering and communication of vital information both internally and externally. Supported by robust cloud-based infrastructure, systems, policies, and procedures, these plans are designed to facilitate crisis response coordination at any of our sites worldwide, including response on a regional or global scale.
Synopsys can quickly activate any or all of these plans as appropriate to the nature and severity of a crisis event.
Business Risk and Continuity Managers (BRCMs) are integral to our Business Continuity Management (BCM) process. BRCMs are responsible for performing business impact assessments to identify the most critical operations of their business group or function, identifying and monitoring potential risks; creating, testing, and validating recovery plans; and refining and updating plans as needed, on an ongoing basis.