“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.
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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