EY's instructive new report: "The board's role in confronting crisis" identifies the key players that should be involved in the company's corporate crisis response program and their respective roles & responsibilities, and management and board oversight considerations and suggested action steps before, during and after a corporate crisis. The focus is on ensuring robust crisis response preparedness planning as part of the company's overall ERM program to mitigate potentially devastating reputational damage, loss and other adverse impacts resulting from an unanticipated event including, e.g., cyber-related incidents, executive/employee misconduct, corporate scandals/frauds, and product failures/recalls.
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See also our recent report: "Corporate Crisis Planning & Response: Integrate Investor Expectations," and additional resources on our Crisis Management page. This post first appeared in last week's Society Alert!
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