“Insurance options from firms like Steel City Re can shield companies in two ways. First, it helps protect short-term cash flows. ‘One part of our insurance is the instrumental value, which tells creditors that the short-term cash flow is protected because there is contingent capital. This improves bond ratings and risk profiles, which raises your …
“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.” …
“If a company can point out that a third party like us has affirmed their reputation risk management process and has taken their risk, the board has a simple, credible and convincing story to tell regulators that it is doing a good job.” Commercial Risk March 15, 2019 “Our product helps to separate the board …
“Trying to recover from a reputational crisis without having done the earlier foundational work is like the blundering knights of Monty Python’s Arthurian legend sending their Trojan Rabbit into the French fortress — only to be flummoxed when the plan failed because they hadn’t put any soldiers inside. Bearing this vital lesson in mind, here …
“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 …
“Steel City Re, a Pennsylvania-headquartered risk management company, has announced the launch of a new website that will act as a source for reputation risk essentials for corporate, governance, risk and regulatory professionals. For insights, visit steelcityre.com/category/newsworthy/. ‘Reputational risk is a concern for every company, organization, or individual in corporate leadership,’ said Nir Kossovsky, CEO …
“But the concentration of technological and market power threatens to turn people like Mr Bezos and Mark Zuckerberg of Facebook into potential single points of vulnerability that could be as worrying. A successful blackmail of Mr Bezos in a decade, when, say, Amazon’s Alexa-controlled devices are widespread, would give the blackmailer a powerful platform.” The …
“O’Neill argues that “we need to think much less about trust, let alone about attitudes of trust detected or mis-detected by opinion polls” and focus “much more on being trustworthy, and how you give people adequate, useful and simple evidence that you’re trustworthy”…This requires better transparency. Another, less discussed, route to building trust is for …
“These communications cement AMI’s long-earned reputation for weaponising journalistic privileges, hiding behind important protections, and ignoring the tenets and purpose of true journalism,” In a blog, Mr Bezos accused the National Enquirer, America’s best-known tabloid, of carrying out a political attack, and linked it to President Donald Trump and the Saudi government. February 12, 2019Financial …