April 10, 2020

“Nir Kossovsky, president of reputation-insurance company Steel City Re, calls it a major take-home lesson for boards. ‘[Corporate] reputation risk management needs to evolve from a notion of aspirational marketing and [public relations] to [one]… involving the entire enterprise risk management apparatus: governance, leadership, controls, and insurances. In settling its case, it is a lesson Signet was willing to pay $240 million to learn.’””

Agenda
April 10, 2020

“The case is an intersection of several corporate governance priorities — reputation, risk management and compliance.”

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Reputation risk management is strategic governance, risk management and compliance.

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.

Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution.

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