Global initiatives on corporate governance 6. Enterprise risk management under the CRO 7. I like this idea although I suspect that we are yet ready to model it, simply because of the inadequacies of operational risk data. It covers risks to products, the company and the whole industry. He then developed various reputational risks for financial institutions and how they are weighted, controlled, detected and monitored.
Reputation is the most important asset of any organization.
We should be proactive in building and maintaining it, not just responsive to adverse events. The other, more crucial, is trust. A company that is not trusted by its employees, partners and customers, will suffer. Finally, a pessimistic note came from Avinash Persaud, of State Street Bank. They are measured and rewarded by relative performance.