“For the second year in a row, stockholders have increasingly used litigation in an attempt to hold directors accountable for alleged missteps that resulted in reputational harm to the company. Indeed, in the 12-month period that ended in June of this year, 39 lawsuits were filed in federal court that made such claims, an Agenda analysis has found, a nearly 60% increase from the year before.”Agenda
October 7, 2020
“Nir Kossovsky, CEO of Steel City Re, frames the increase in the context of the flurry of ESG pledges that companies have recently made.”
Click on Read More (below) for full text (paywall, sorry).
“The failure to live up to the (ESG) commitments ‘is basically courting disaster.’”
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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