Governance

May 11, 2018

Reputation risk is rampant, insurance is prudent, and loss is likely. Reputation insurance should be viewed in much the same way as property insurance for a town in tornado country. By defining reputation risk this way, rather than as the risk of negative public opinion to be managed by marketing departments, the peril is measurable …

May 11, 2018 Read More

March 22, 2018

We live in an age where those expectations can change in what feels like an instant. A short time ago, the top reputation risk was allegations of unethical and inappropriate executive behavior that gained prominence through #MeToo. At this particular moment, it is gun violence. No matter how well a company plans, unanticipated risks can …

March 22, 2018 Read More

February 26, 2018

In the wake of the lawsuit and Mr. Schneiderman’s public statements, the Weinstein Company fired its president, David Glasser, for cause. The lawsuit did not name Mr. Glasser, but it referred to him by his title and said that the sale of the company could result in employees’ reporting to some of the same managers …

February 26, 2018 Read More

February 5, 2018

The Fed took the unusual measure of requiring every board director to sign an attestation – not unlike the Section 302 attestation required of CEOs and CFOs in Sarbanes-Oxley – that they understand the cease and desist order. It also instituted a series of timetables for management and board to report on their risk management …

February 5, 2018 Read More