The latest risk survey from AON insurance brokers again found that image and reputation are still the highest priority of senior Executives of major Australian Corporations. While concerns regarding brand and image top the worries of senior management , these companies now show a heightened concern for other areas of strategic and operational risk. Ethics, social responsibility, community relations and compliance were all seen as important drivers of reputational risks. With the increased volatility in equity and commodity markets, significant increases in business operating costs and significant loss events around the world, organisations are showing a greater awareness and concern for sound risk management practices.
Source: Lawyers Weekly