“Given that corporate reputation is essentially a license to operate, overseeing it requires professionals who can manage reputation and a board that regularly reviews it. Considering that reputation accounts for $16 trillion in value across a smattering of world stock exchanges, (Seema Threja Kathuria, a consultant at Russell Reynolds Associates ) asks, ‘How does the board not have that as a priority agenda item in the boardroom?’”Agenda
November 13, 2020
“’Reputation management is most effective when a board oversees leadership, controls, and insurances,’ Kossovsky writes.”
Click on Read More (below) for full text (paywall-sorry).
Reputation risk management oversight is a board duty of loyalty.
Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution.
What’s your strategy?