How do I protect myself from reputational risks?
Reputational Risk is a system to comprehensively and formally manage corporate reputational risks in an orderly fashion that has been designed by LLYC according to the following international standards: COSO III, EBA Guidelines and ISO 31000. The main goal of the system is to help managers anticipate, foresee and manage reputational risks in a comprehensive and coordinated fashion under a corporate risk management model adapted to their specific requirements.
Challenge
To protect your reputation in a constantly changing environment
CONTROL ENVIRONMENT
Internal control environment audit regarding the management of reputational risks / Analysis of the company’s reputational profile / Integrated reputational risk consultancy at the company across the board / Team training.
REPUTATIONAL RISK ASSESSMENT
Reputational risk maps for the company as a whole and per business unit/market / Reputational risk probability and impact analysis / Residual risk and inherent risk analysis / Due diligence on reputational risks / Reputational risk scoring models / Expert reports on reputational impact.
TREATMENT OF REPUTATIONAL RISKS
Reputational risk manual / Corporate reputation plan / Reputational risk mitigation and/or prevention plans / Reputation training for board members and steering committees / Crisis management drills.
INFORMATION AND COMMUNICATION
Reputational risk information protocols / Reputational risk control panel for the board of directors / Quarterly reputational risk reports / Reputational risk alerts.
MONITORING
Reputation studies among stakeholder groups / Daily monitoring of communication and social media channels.
