“Reputational risk carries legal jeopardy. And board members are sitting ducks, unprotected and vulnerable to attacks that could damage them personally and destroy their future earning potential. In the past 12 months, 25 complaints were filed or amended in federal court that alleged, at least in part, board-level responsibility in connection with corporate reputational damage. Only six such cases were filed in the preceding year.”Risk & Insurance
August 2, 2019
“Reputational risk carries legal jeopardy…Marketing is not reputation risk management.”
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Reputation risk is the peril of economic loss from angry disappointed stakeholders.
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. For related articles from Risk & Insurance, click here.
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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