Good ESG governance begins with touting ESG-experienced directors. But it is not good enough to trigger “overnight” appreciation and value creation. This happens when boards oversee and tout reputation risk management upgrades (actual “G” of ESG) that help firms and their leaderships understand and address the “E” and “S” expectations and risks they face. In doing this, boards will meet their duties of asset protection, and comply with current interpretations of Caremark requiring the oversight of “mission-critical” operations.Agenda
February 22, 2021
“Companies including Apple, Procter & Gamble and Williams Companies have also touted new board members’ ESG experience.”
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Reputation risk management includes, but is not limited to, strategic communications.
For a broader view of reputation risk, discover additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here.
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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