Advocacy

Risk and Resilience

Security Risk Management Advisory Council (SRMAC)

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This Council was created in 2012 as a result of a variety of CRE Industry security and emergency preparedness challenges like the Toronto G20 Summit of 2010. BOMA Toronto led this initiative to ensure that the unprecedented business sector security collaboration that had driven such success remained as an important value offering to BOMA Toronto members and the industry.

SRMAC comprises a group of senior business sector security leaders, chaired by Roy Manias, Senior Director, Security & Life Safety, The Cadillac Fairview Corporation Limited.

SRMAC works with local and national law enforcement and security stakeholders in the community, and provides insight on a wide range of security risk management issues, which is cascaded down and communicated to the BOMA Toronto Membership.

We also work to advance advocacy positions both current and future with stakeholder organizations and various levels of government and other CRE associations.









Resilience

Operational resilience can be defined as a building’s capacity to recover from any major disruption (climate-related or otherwise) and return to its normal operation or better. Increased frequency and intensity of extreme weather-related events pose great risks to business operations, impacting our ability to meet our obligations as a landlord and diminishing return on investment. These are real risks that cannot be ignored. Therefore, resilience planning is a critical exercise that should be part of our broader enterprise risk management strategy.

Why is this important?

  • understand the role and value of resilience planning in commercial real estate.
  • understand the concepts of location risk assessment and incident sequencing.
  • know what to ask of your consultants, and what right looks like.
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Read the latest technical guidance note on Resilience in the CRE industry