“While reputational risk is a growing concern for companies and their leaders, there are steps they can take to increase their reputational resilience, according to a new report from Steel City Re.
‘When boards disclose reputation as a material risk without truly understanding it or appropriately mitigating it as a governance and operational problem, they are putting themselves and their companies in even greater peril.’
According to Steel City Re, companies can forge greater reputational resilience by following a seven-point checklist.”Insurance Business
October 15, 2019
“‘Corporate leaders need a preemptive reputational risk management strategy,’ said Nir Kossovsky, CEO of Steel City Re.”
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Reputation risk management mitigates the losses arising from stakeholder disappointment.
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.
What’s your strategy?