“Courageous action is a ‘special kind of calculated risk-taking.’ It’s not always easy to ask the tough questions, seek out the honest answers and take ownership of risks to reputation and culture. Courageous leaders live up to their responsibility as drivers and stewards of their organization’s reputation – it’s the most valuable strategic asset.” Entrepreneur …
“The airline sent Boeing a letter on March 14 asking to cancel its order of Boeing 737 Max 8 jets due to passengers’ loss of confidence in the aircraft, Ikhsan Rosan, a Garuda spokesman, said on Friday. ‘They [passengers] always ask when they make a reservation if it is a Max or not. If it …
“In a research note following the hearing, Isaac Boltansky of Compass Point Research and Trading said even though ‘Wells Fargo has clearly taken steps to address the account scandal and the cultural concerns at the core of the bank’s problems, … there is pronounced frustration in Washington regarding the pace of change, the seemingly steady …
“With everything being interconnected, we’re at a point in time when the risk for all companies is elevated,” says Hahn-Griffiths. “There is a higher potential than ever before for reputation risk to be around the corner, and because of that, this year’s study shows we’ve reached a reputation judgement day—there is no place to hide.” …
‘Mr Dunckley said: “We are not doing what the market thinks. We are not looking for fraud and we are not looking at the future and we are not giving a statement that the accounts are correct. We are saying they are reasonable, we are looking at the past, and we are not set up …
“Between 2011 and 2016, under pressure to meet sales targets, Wells Fargo employees fraudulently opened millions of bank accounts for customers without their consent. Mr Sloan was appointed chief executive in October 2016 to clean up the mess. So far, his efforts have disappointed regulators.” Economist Espresso March 12, 2019 Mr. Sloan’s “efforts have also …
“Boeing isn’t facing that kind of financial disaster. The company is too big and too important to global aviation to fail.” Slate March 11, 2019 “…how did Boeing find itself suddenly in this reputational shitstorm? ” Reputation risk management: mitigating both disappointment and noxious media. Reputations are valuable strategic intangible assets. Threats to these assets⏤ …
“According to Mr Solomon and co, Goldmanites must still dress “in a manner consistent with your clients’ expectations”. It’s heart-warming to learn than the bank takes the concerns of its muppets — sorry, clients — so seriously. The Malaysian government is currently suing Goldman for involvement in a multibillion-dollar fraud, which the bank denies. But …
“After months of debate, the Australian Securities Exchange last week dumped a proposal to include reference to a “social licence to operate” in its updated Corporate Governance Guidelines. “Politically correct” or not, the phrase is an accurate metaphor for the reality that companies that disregard the values of the societies in which they operate run …
“American Outdoor Brands “points out investors are well aware it is subject to the “ultimate risk” from advocates who would impose restrictions or ban private gun ownership. It details that hazard each year in its annual 10-K filing. The real risk to its reputation, the report says, would come if it failed to act in …