CLOs Archives – Page 2 of 5

October 11, 2023

Captives, CFOs, CLOs, CMOs, Commercial Services, Communications (Corp) & Media, Consumer Goods & Services, D&Os, Education, Energy & Mining, ESG/Social Responsibility, Ethics, Finance, Food, Geopolitics, Governance, Health, Innovation, Legal, Parametric ESG insurance, Parametric Reputation Insurance, Personal Cost, Quality, Safety, Security, Transportation, Utilities

Steel City Re Intelligence Unit Briefing: What derailed the ESG movement & what boards expect from risk management in the aftermath.

Steel City Re CEO and former Los Angeles County deputy coroner on what derailed the ESG movement & what boards expect from risk management in the aftermath.

October 10, 2023

CLOs, D&Os, Legal, Personal Cost, Utilities

CEO’s Conviction SEC Charges. “Boards should demand… intelligence on stakeholder expectations,” said Kossovsky.

October 6, 2023

CFOs, CLOs, CMOs, D&Os, ESG/Social Responsibility, Governance

A CEO and former Los Angeles County deputy coroner on what he feels derailed the ESG movement […] ESG died from toxicity and dysfunctionality. Culpable parties include investors, fund managers, corporate communicators and politicians.

September 26, 2023

CFOs, CLOs, CMOs, Commercial Services, Communications (Corp) & Media, Consumer Goods & Services, D&Os, Education, Energy & Mining, Finance, Food, Governance, Health, Innovation, Parametric ESG insurance, Parametric Reputation Insurance, Transportation, Utilities

In a world of polycrisis, […] risk managers need to… market the elevated quality of their risk management processes. The author thanks for their contributions to this article:
Courtney Davis Curtis, University of Chicago; Deyna Feng, Cummins, Inc.; Mary C. Friedl, Redbox; Kathleen A. Graham, The HQ Companies; Chris Hammond, Stepan; Enya He, Blu Clarity PBC; Carnell R. Jones, Trinitas Ventures; Christy Kaufman, Zillow Group; John C. Kline, Discover Financial Services; Manuel Padilla, MacAndrews & Forbes Incorporated; Soubhagya Parija, FirstEnergy and New York Power Authority; Kristen Peed, CBIZ; Theresa Severson, Kite Realty Group; Seung Yoo, Regal Rexnord Corporation; and Denise Williamee, Steel City Re.

Tech Companies Changed Policies – Corporate Counsel

CLOs, CMOs, Consumer Goods & Services, Ethics, Industrials & Technology, Legal

Tech companies changed policies. “(S)parking outsized emotional reactions, Kossovsky said,…are a hallmark of matters carrying serious reputational risks.”

September 5, 2023

CLOs, D&Os, ESG/Social Responsibility, Governance

“ESG risk is just one more thing under the big heading of ‘reputation risk’,” Kossovsky said

“Lightning does strike,” (Kossovsky) said, but firms that can demonstrate that they have developed effective governance systems and implemented thoughtful risk management experience a much different impact: “That’s where enterprise risk management creates value.”

August 17, 2023

CFOs, CLOs, CMOs, Communications (Corp) & Media, D&Os, Governance, Innovation

Backlash Over AI Work. Companies can mitigate the risk of backlash by encouraging collaboration between IT, enterprise risk management and communications within the organization, as well as getting the board involved in overseeing the risk management process, said Steel City Re’s Kossovsky.

July 11, 2023

Case Studies, CFOs, CLOs, CMOs, Consumer Goods & Services, D&Os, Transportation

Southwest Airlines (LUV) equity returns at 193 days normalized to the S&P500 returns are -10.3% (predicted based on historic reputation risk for LUV: -7.0%). It is under performing the Dow Jones US Airlines Index (DJUSAR) by 28.7%. The implied loss to shareholders is $2bn.

June 19, 2023

CLOs, Finance, Governance, Parametric ESG insurance

Data-driven independent intelligence. Among the lessons we should learn about reputation risk from Silicon Valley Bank, Signature Bank, Credit Suisse and others is that directors need better, more objective information about what stakeholders expect: the source of reputation value.

April 10, 2023

CFOs, CLOs, CMOs, D&Os, Finance, Governance, Parametric ESG insurance, Parametric Reputation Insurance, Transportation

In times of panic — think Southwest Airlines, Norfolk Southern, and Silicon Valley Bank — investor moxie may give way to stock share dumps.

Panic and stock share dump. Thriving in a tornado corridor or flood plain demands fortitude and a reliable risk strategy. The same goes for investing in equity markets. In times of panic — think Southwest Airlines, Norfolk Southern and Silicon Valley Bank — investor moxie may give way to stock share dumps. […] Integrated processes, timely intelligence and good risk communications will help investors appreciate and value risk strategies and not panic.

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