“Corporate lawyers need to educate clients on emerging risks associated with reputational damage and help them develop protocols for mitigating those risks, say Steel City Re’s Nir Kossovsky and Denise Williamee. Corporate expectations are rising, given the race for pledges on environmental sustainability, social justice, and responsible governance (ESG) efforts.”Bloomberg Law
December 3, 2020
“Reputation risk management, however, has too great an upside on protecting presumptive ESG value, and too great a downside, to set aside.”
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Reputation risk management comprises 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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