The importance of cross-business collaboration in a ... importance of cross...Tools for building a collaborative approach •A mature security risk management approach considers enterprise

The importance of cross-business collaboration in a challenging security environmentOtto Sloane – Regional Director. Newmont Goldcorp Mining

James Morris – Head of Security Services. Aon

Phill Banks – Director. The Banks Group.

Introduction

• Collaboration• What is it?• The Benefits

• ESRM

• Mining security• Why mining• Mining security• Security starts when social responsibility fails

• Tools for building a collaborative approach

Cross-business collaboration

• Cross-business collaboration is working with other functions to achieve a common goal

• Collaboration requires a commitment to build and sustain relationships over the longer term

• Successful collaboration can change the core strategy and purpose of the business enterprise, but also create long-lasting positive impact

Benefits of a collaborative approach

• Different perspectives spur innovation - old ideas are challenged

• Increased momentum of change – adapt to changing threat environment

• Leverage SMEs but also non-traditional thinking

• Encourage teamwork. Everyone learns more

• Create a corporate culture

• Efficiency, innovation, improved results

How does collaboration benefit security?

• Collaborative security requires understanding of enterprise risks, multi-stakeholder communication, cross-functional expertise to create effective mitigations

• Common goals are the protection of assets

• Collaboration can assist in:• Demonstrating value, RoI• Building business case for security projects• Building key business relationships

ESRM

A mature ESRM program encompasses all aspects of security risk mitigation practices: physical security, cyber security, information security, loss prevention, organizational resilience, workplace violence, fraud, threat management, brand protection, travel safety, business continuity, and all other practices undertaken to prevent security risk impacts to the enterprise.

Why ESRM?

• You gain intimate knowledge of your organization

• You get to speak to diverse stakeholders, and learn what they consider is important to them and the company

• You learn your organization’s business objectives

• You identify risks and help the business achieve objectives

• You support the legal responsibilities of the business

Tools for building a collaborative approach

• A mature security risk management approach considers enterprise risks and encourages enterprise mitigations

• Communication is key – particularly in the language of business

• Invest in tech that brings teams together

• Relationship building and stakeholder management including networking, mentoring and coaching

• Identify opportunities for collaboration

• Reinforce and revisit

Why mining?

• A mine site is a perfect example of an environment ripe for collaboration

• Mines are challenging locations:• Scale• Locations• Community• Precious commodity• Environmental challenges

• ‘Security starts when Social Responsibility fails’

• Effective security at a mining project starts before explorations with a balance of factors, cross-business collaboration and support and communication

Phases of a mining project

Discovery

Exploration

Development

Extraction

Closure

The security challenges of a mining project

Security starts when social responsibility fails

• What does Social mean and when does it start?• Country entry process• Explorations• Project• Ops

• Social includes process around:• HR• SCM• Community relations• Environment• Security

• MANAGE EXPECTATIONS EARLY

How do you tell if you’ve succeeded?

• Security being brought into new projects

• Expertise being sought out by others

• Reduction in costs/cost-sharing on projects

• Happens at times of intense pressure/stress

• Innovative approach to old problems

• Successes shared publicly

• Security enables the business

Otto SloaneOtto.Sloane@newmont.com

James Morrisjames.morris@aon.co.uk

Phill Bankspbanks@thebanksgroup.ca

Thanks for joining