In recent years, corporations have significantly increased their spending on executive security, driven by growing concerns over potential threats. This upward trend gained further attention following the fatal shooting of a UnitedHealthcare executive outside a New York City hotel in December. Julian Moro, senior vice president at International SOS, highlighted the severe repercussions that mishandling security risks can have on organizations, including the potential impact on share price, morale, productivity, and talent retention.
Executives, boards, and investors are increasingly acknowledging the necessity of addressing these risks. While the cost of implementing enhanced security measures can be substantial, the potential fallout from failing to protect key personnel is a risk few organizations are willing to take. For further details on this pressing issue, more can be read through the article on Corporate Counsel.