FTI Consulting’s research found that Board members and those in C-suite executive positions view the reputational risks posed by litigation as the most significant risks facing their businesses. This suggests that litigation risk counts as one of the principal, strategic considerations of large companies, rather than being a purely operational or legal concern.
And now, the last bits of the tail of a reputation crisis. “Hedge fund Elliott Investment Management announced yesterday that it has a $1.9bn position in Southwest Airlines, comprising 11% of the company’s shares. It issued a letter to the airline’s board, calling for new directors, a new CEO, more executives from outside, and a comprehensive business review. In its letter, Elliott wrote, ‘While Southwest has a proud history, that history is not an argument for supporting poor leadership and sticking with a strategy that no longer succeeds in the modern airline industry.’” Relevant podcast on what this means for your company: https://5-minute-aventures-in-risk-resilience.zencast.website
Major U.S. carrier Southwest Airlines is blaming Boeing for its woes. Equity returns 40%< airline index since Dec 2022. N'est-ce pas?
A Case Study, affirming the value and logic of fronting (or re-insuring) a captive–greatly simplified with parametric triggers–for Non-Damage Business Interrption (NDBI). Katoen Natie survived the pandemic by securing NDBI cover through its captive – something thought to be a near-impossible task. Chief risk officer Carl Leeman explains how he did it, and why he won’t stop pushing to test his captive’s potential.
Adventures in Risk & Resilience Podcast. A risk executive uses insurance strategically to allay customers’ new fears of quality and safety.
“Unsavory” may be forgiven, if not forgotten. Speculation aside, objectively, none of Steel City Re’s reputation risk measures indicated a problem with MSGE. The obvious benefit of such objective metrics is that it protects CEOs’ reputation-linked compensation and shields boards from attacks. Is your reputation risk management process insurance-authenticated?
A “flurry of securities filings noting potential legal and reputation risks stemming from diversity, equity and inclusion efforts follows the US Supreme Court’s June decision .” […] “If we do not successfully manage expectations across these varied stakeholder interests, it could erode stakeholder trust, impact our reputation, and/or constrain our investment and fundraising opportunities,” one filing said.
![Brand and reputation risks […] are a major concern for 50% of respondents in the next 3-5 years.](https://steelcityre.com/wp-content/uploads/2024/03/2024030407-WTW-survey-retail-reputation-risk-steel-city-re.jpg)
Brand and reputation risks […] are a major concern for 50% of respondents in the next 3-5 years.
Boeing’s hidden costs of its reputation crisis. Shifting expectations among four stakeholder groups have shifted expectations, altered behaviors, and reduced Boeing’s bottom line.
Forty years after a tsunami of lawsuits demanded action for the risks of D&O liability, history is rhyming with the risks of D&O culpability. Here are the top 3: Risk governance, ESG strategy, and C-suite experience.