Governance

February 25, 2019

“Britain was aghast when it failed to get a judge reappointed to the International Court of Justice in 2017. The number of British nationals on human-rights bodies is at an all-time low, says the Universal Rights Group, a Geneva-based think-tank. British candidates for special committees have been rejected 35 times since 2016. There is “increasing …

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February 21, 2019

In the case of Purdue, it appears as if they failed to recognize quickly enough that, at some point, their stakeholders – and the expectations of those stakeholders – changed. …Suddenly, elected officials at all levels became stakeholders. Local health organizations and nonprofits became stakeholders. Additional regulatory and law enforcement agencies became involved. All their …

February 21, 2019 Read More

February 15, 2019

“A federal judge in Maryland said The Johns Hopkins University, Bristol-Myers Squibb Co and the Rockefeller Foundation must face a $1 billion lawsuit over their roles in a 1940s U.S. government experiment that infected hundreds of Guatemalans with syphilis…” “A federal judge in Maryland said The Johns Hopkins University, Bristol-Myers Squibb Co and the Rockefeller …

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February 14, 2019

“I permit myself to say that I’ve perceived a bit of an inflated expectation,” (Pope) Francis said. “We need to deflate the expectations.” The four-day meeting — scheduled to begin Feb. 21 and to be attended by the heads of more than 100 national bishops’ conferences — marks the first time a pope has brought…

February 13, 2019

“I permit myself to say that I’ve perceived a bit of an inflated expectation,” (Pope) Francis said. “We need to deflate the expectations.” The four-day meeting — scheduled to begin Feb. 21 and to be attended by the heads of more than 100 national bishops’ conferences — marks the first time a pope has brought …

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February 5, 2019

The risk underpinning regulation, environment and cyber is reputation damage. The ramifications are huge if this is ill-managed. “It’s a big issue, especially companies with clients and customers worldwide, because when a risk arises it’s difficult afterwards to mitigate it…. Francois Malan, chief risk officer at Nexity, explains: “You need to work with other specialists, …

February 5, 2019 Read More

R&I Reputation Value

While Steel City Re, for example, offers parametric policies, which pay a pre-agreed sum upon specific triggers linked to reputation metrics being met, AIG’s product is primarily designed to assist with crisis management (though it did recently update the policy to include an income protection feature). “The greatest challenge for the industry in quantifying reputational …

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February 1, 2019

Investors have started to call loudly for action on climate change, but few are following up their words adequately with deeds. More specifically, very few shareholders are voting against directors at companies that have shown themselves to be either oblivious or dismissive of climate risks. As the 2019 proxy voting season approaches, we must up …

February 1, 2019 Read More

January 31, 2019

The mayor of the state capital Belo Horizonte, Alexandre Kalil, said “Vale’s board of directors should be in jail”. Meanwhile top prosecutor Raquel Dodge said it was important to hold the company “strongly responsible”. “If there was malpractice, recklessness or negligence on the part of someone inside the company, that person has to answer criminally,” …

January 31, 2019 Read More

January 14, 2019

To protect company and individual reputations, corporate boards and counsel should consider recent changes to Department of Justice policy regarding corporate liability and investigations, writes Nir Kossovsky for Bloomberg Law . DOJ’s new policy heightens risks to individual reputations and likely will make finger pointing and individual blame far more common. Reputation insurance: indemnification affirming …

January 14, 2019 Read More