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Most Risk Managers don't understand reputation risk

Some 53% of delegates at the Strategic Risk Forum were unsure on how to measure and mitigate their reputation exposures.

Reputation risk is not well understood by corporates and their risk managers, and more education is needed if companies want to successfully manage this risk.

This was one of the key takeaways from a panel discussion on reputation risk at Strategic Risk Forum 2016, held in Singapore on 17 May.

Delegates were asked how well they understand their company’s reputation risk and the majority (53%) admitted they don’t really understand it at all.

Read the full article in the latest issue of Strategic Risk Magazine here: http://www.strategic-risk-global.com/most-risk-managers-dont-understand-reputation-risk/1418684.article?guid=&utm_source=Adestra&utm_medium=email

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I appreciate that you are reading my post. Here and on LinkedIn, I write about board related issues - corporate strategy, human capital, reputation risk, technology, corporate governance and risk management trends.

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If you are interested in using the RepTrak model to benchmark your reputation, or if you are interested in developing your reputation risk management, digital, communications or responsible investment strategies, do connect with us at RL Expert Group.

Leesa Soulodre is Chief Reputation Risk Officer and Managing Partner of RL Expert Group - a reputation risk management advisory firm and the Asia Associate of the Reputation Institute.

www.leesasoulodre.com 

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