“Companies traditionally have divided responsibility for different stakeholders among different corporate functions—the human-resources department, for instance, manages employees, while marketing handles customers, general counsel or compliance officers deal with regulators, and so on. Companies need someone who can gather information about different stakeholders and strategically manage the reputational risks associated with each, Mr. Kossovsky said.”Wall Street Journal
November 20, 2020
“’Taking a stance on any social issue should start with a thorough evaluation of the company’s stakeholders,’ according to Nir Kossovsky.”
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Reputation risk management is strategic governance, risk, 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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