“The entire current apparatus—governance, leadership, processes and insurances—is not engineered to mitigate the greatest risk to the value of an enterprise, which is reputation risk. And what exactly is reputation risk? It is the widespread economic damage from a maelstrom of frightened, mistrustful and angry stakeholders triggered by a real or perceived corporate failure of ethics, safety, security, sustainability, quality or innovation.”Food & Beverage Magazine
August 12, 2020
“Failure to foresee and plan for a multitude of 21st century enterprise scenarios is another stuck fork in an obsolete 20th century notion of enterprise risk management.”
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Reputation risk management is strategic governance, leadership, controls and insurance.
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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