We have now released the White Paper for the latest in Genius Methods’ Corporate Governance Panel Debate Series, held on May 14th at the RAF Club, London, on the topic of Reputational Risk.
Warren Buffet famously said: “If you lose dollars for the firm, I will be understanding. If you lose reputation for the firm, I will be ruthless”. However, reputation should not only be analysed in the negative. If reputation is managed positively, there are big opportunities to leap frog the competition.
Key speaker, Seamus Gillen, Senior Adviser to Reputation Institute UK, and Director of Policy at ICSA, explained that to safeguard reputational value it is important than ever for companies to truly understand their own purpose and values. Far too often, boards do not discuss the key question: ‘What do we stand for?’. If companies, don’t know what they stand for, the world will tell them and it may not match with the image they had in mind.
For more information about the findings and conclusions from the debate, read the White Paper published by Genius Methods here: Reputational Risk White Paper by Genius Methods