The approach to be followed for effective management of reputation risk.
CS Professional · Governance, Risk Management, Compliances and Ethics · PYQS · December 2023
The approach to be followed for effective management of reputation risk.
Answer & Explanation:
Management of Reputation risk Make reputational risk part of strategy and planning Control processes - Standardization, technology, policies, and procedures reduce the likelihood and severity of events that could cause reputational damage. Understand all actions can affect public perception Understand stakeholder expectations Focus on a positive image and communication Create response and contingency plans.
Topics: Risk Management
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