Normative Regulation of Business Continuity Management in the Republic of Serbia

Abstract

The problem addressed in this paper concerns business continuity, that is, business continuity management. Business continuity management can be understood as one of the basic functions of any organization, the establishment and realization of which is necessary to ensure the continuation of business and at the same time the functioning of the organization in case of any disruption caused by a potentially harmful event. On the other hand, it is not wrong to understand this function in the context of corporate security, and as an integral part of it. The hypothesis put forward in the paper is the absence of an adequate normative framework for business continuity management in the Republic of Serbia. In the paper, the author investigated the existence of a normative regulation of business continuity management by applying an analysis of the content of relevant literature, specifically, legal regulations of the Republic of Serbia, standards and "good practice" in this area and regulations at the level of the European Union. The expected result of the work is the presentation of documents that contain provisions that regulate business continuity management for the Republic of Serbia, and then on a level that goes beyond the borders of the state - for the international arena in the field of business continuity created by state and non-state entities that aim for a more comprehensive understanding and application concept of business continuity. The author uses everything presented so far in order to point out the normative regulation of the subject area in the Republic of Serbia, but also more broadly, the importance of the entire area of ​​business continuity, as well as the importance of greater involvement of the state in the regulation of issues of this type.