What action can the board take if a license holder fails to notify about a manager's cessation?

The correct action the board can take if a license holder fails to notify about a manager's cessation is to suspend or revoke the license. This is significant because the requirement to promptly notify the board about any changes in management is a critical aspect of ensuring compliance with regulations governing private security.

The board depends on accurate and current information regarding license holders to maintain high standards within the industry and to protect the public. If a license holder does not inform the board about the cessation of a manager, it could indicate a failure to adhere to operational standards or possible mismanagement, thus justifying severe penalties like suspension or revocation of the license.

Maintaining up-to-date management information is vital not just for legal compliance but also for the integrity and safety of private security operations. The board's authority to suspend or revoke a license serves as a deterrent for non-compliance and emphasizes the importance of accountability among license holders.