“Companies must mitigate reputation risks before they impair value. To achieve this, companies must establish effective processes, controls, systems, and insurances that are robust to the issues of today and tomorrow, have nimble leadership that transcends operational silos, engage with stakeholders who may have competing interests, develop and disclose a coherent risk management strategy, and behind it all, have a board dutifully providing oversight.”
NACD Directorship
December 02, 2021
“Boards can follow these principles and strategies to better deploy enterprise-wide reputation risk management solutions.”
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A company’s oversight of reputational risk has become a key governance matter.
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