“Under fire chairman Paul Achleitner saw off an attempt to oust him, but directors still only garnered the support of three-quarters of shareholders in the annual vote on whether they properly discharged their duties — far short of the 90 per cent-plus approval ratings that are normal at German companies. Mr Sewing knows that the modest cost-cutting he has engaged in since he began in the job 15 months ago has been far too timid. […] “This [restructuring] is the final bullet,” a top regulatory official says, adding that there is widespread optimism among supervisors that the plan can succeed.”Financial Times
July 26, 2019
“Shareholders showed their frustration at an angry annual meeting in May.”
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Reputation crisis: disappointment, diminished trust, causing economic losses.
For a broader view of reputation risk, discover additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here. To read an abstracted summary of reputation risk, see below.
Risk governance and management, risk financing in insurance captives, and risk transfer through reputation insurances comprise the constituent elements of a comprehensive enterprise reputation risk solution.
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