{"id":13850,"date":"2024-03-20T10:39:36","date_gmt":"2024-03-20T14:39:36","guid":{"rendered":"https:\/\/steelcityre.com\/?p=13850"},"modified":"2024-03-20T10:51:10","modified_gmt":"2024-03-20T14:51:10","slug":"exec-chair-misconduct-allegations-reputation-matters-agenda","status":"publish","type":"post","link":"https:\/\/steelcityre.com\/2024\/03\/20\/exec-chair-misconduct-allegations-reputation-matters-agenda\/","title":{"rendered":"March 20, 2024"},"content":{"rendered":"\n

Exec Chair Misconduct Allegations Reputation Matters <\/h1>\n\n\n\n

“Before agreeing to join the board of a controlled or founder-led company, would-be directors need to have a “come-to-Jesus conversation,” one source told Agenda. It can be difficult to rein in a leader<\/a> with so much sway – and the reputation of the board itself could be harmed if stakeholders believe directors sat idly, while the chief or other powerful exec engaged in bad behavior.<\/p>\n\n\n\n

TKO <\/strong>attempted to set up governance guard rails around its former executive chair, Vince McMahon<\/strong>, who resigned in January following sex trafficking and other misconduct allegations. The young company’s registration statement carefully outlined how it would work with McMahon, who had already been embroiled in sexual misconduct and hush-money allegations. Those claims dated back to his former company, WWE. Late last year, WWE merged with an Endeavor<\/strong> spinoff, UFC, to form TKO. McMahon owned a controlling stake in WWE and the deal hinged on his collaboration, Endeavor top brass believed.<\/p>\n\n\n\n

Still, after the new allegations emerged, TKO’s stock price and reputational value took a hit. Neither has fully recovered, even despite McMahon’s resignation.”<\/p>\n\n\n\n

Click on the image above to read more<\/strong> (No Paywall).<\/p>\n\n\n\n

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\u201c\u2026TKO saw a “massive reputation value drop,” according to Steel City Re’s Resilience Monitor. It also suffered a 5% stock price drop.\u201d<\/em><\/strong> <\/em><\/p>Agenda: March 20, 2024<\/cite><\/blockquote><\/figure>\n<\/div>\n\n\n\n

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About Steel City Re.<\/strong> With reputation risk forecasting, management, and insurance<\/a>, Steel City Re helps companies build and prove to stakeholders their thoughtful risk management and dutiful governance over all that is mission-critical. It is an authenticated story stakeholders can appreciate and value.<\/p>\n\n\n\n

Reputation is Mission-Critical<\/strong><\/h2>\n\n\n\n

Today\u2019s sophisticated risk managers are strategic corporate talents, helping the C-suite and board meed stakeholder expectations for resilience. They know that enterprise damage from reputation risks might be their greatest and longest lasting peril, so they monitor for red flags. They foster a culture that respects those warnings and facilitate processes to mitigate those risks. Their diligence strategically builds enterprise-wide resilience that informed stakeholders can appreciate, and they use insurance two ways: operationally, to foster resilience; and strategically, to authenticate their thoughtful risk management and dutiful governance systems.<\/p>\n\n\n\n

The results of strategic reputation risk management are evident in reputation resilience. More than crisis recovery, they include customers buying, not boycotting; employees working, not fleeing; investors buying, not selling; lenders adjusting interest rates down, not up; regulators deferring, not enforcing; and social license holders acquiescing, not protesting.<\/p>\n\n\n\n

Having a robust Reputation Resilience Program in place offers, amongst other benefits<\/a>:<\/p>\n\n\n\n