Reputation … A Risk Manager’s Role Recording of this session via any media type is strictly prohibited. Page 1 Bruce T. Blythe, Chairman • • • • • Crisis Management International Crisis Care Network Behavioral Medical Interventions 404-841-3402 bblythe@cmiatl.com Darius Delon, AVP Risk Services • • Mount Royal University ddelon@hotmail.com Recording of this session via any media type is strictly prohibited. Page 2 What to Expect Protection of Crisis-Related Reputational Risks: • Protecting Company Reputation as a Function of Risk Management • Protecting your Personal Reputation During Crises • Take-and-Use Components of A Risk Manager’s Reputation Management Recording of this session via any media type is strictly prohibited. Page 3 “What if Your Plans Don’t Work as Expected?” Recording of this session via any media type is strictly prohibited. Page 4 Reputation The set of . . . • Perceptions, • Evaluations, and • Beliefs . . . a community forms about an organization or one of its members Recording of this session via any media type is strictly prohibited. Page 5 Senior Management Concerns 4 Cornerstones of ERM • Reputation Risk • Finance Risk • Operation Risk (People/Process) • Hazard Risk Recording of this session via any media type is strictly prohibited. Page 6 2 Stakeholder Expectations Post-crisis Expectations Preventive Actions • Take adequate preventive measures? Prepared to Respond • Respond in timely, caring, effective manner? If not = Outrage Recording of this session via any media type is strictly prohibited. Page 7 “Reputation” Red Flags Outrage Fear Media Involvement Perceived to be at fault: • • • • • Foreseeable Unprepared Unjust Intentional Negligent Recording of this session via any media type is strictly prohibited. Page 8 Potential Stakeholders • • • • • • • • • • • • • • • • Employees/ Families Contractors/ Business Partners Facility/ Site Managers Staff Managers (HR, IT, etc.) Senior Managers/Board of Directors Institutional investors/ Shareholders Insurance representatives Suppliers/ Distributors Customers Government regulators/ politicians Competitors Media representatives Union Communities Internet (users/ bloggers) Industry activist groups Recording of this session via any media type is strictly prohibited. 9 Page 9 Anticipate Identify Weaknesses in Your Preparedness -------------------------------• Early Incident/Crisis Recording and Reporting • Crisis Response Plan • Crisis Communication Plan • Crisis Operations Center Recording of this session via any media type is strictly prohibited. Page 10 Reputation Response Mindset Focus on “CIA” Core Assets • Protection Impacted Stakeholders • Identify and address needs and concerns Anticipation • Likely progression Recording of this session via any media type is strictly prohibited. Page 11 9 Reputation Response Strategies Deny Crisis • Minimize/No Harm Done Ignorance • Lack of Information Explanation • Reasonable Person Test Anticipate Reactions to Each Recording of this session via any media type is strictly prohibited. Page 12 9 Reputation Response Strategies Locus of Control • No control over events leading to crisis Blame Others • Identify Scapegoat Attack Accusers • Motives/Shortcomings Anticipate Reactions to Each Recording of this session via any media type is strictly prohibited. Page 13 9 Reputation Response Strategies Honorable Intent • Meant to do well No Harmful Intent • Accident Past Positives • Previous good works Anticipate Reactions to Each Recording of this session via any media type is strictly prohibited. Page 14 Diermeier Trust Quadrant Empathy Empathy • Reaching out to victims with warmth and authenticity Expertise Commitment Transparency Expertise • We know what we’re doing • Our experts will fix it Commitment • Senior management shows up and takes charge Transparency • What you know, don’t know, when follow up Recording of this session via any media type is strictly prohibited. Page 15 Reputation Institute • • • • • • Emotional Appeal Financial Performance Products and Services Vision and Leadership Social Responsibility Workplace Environment Recording of this session via any media type is strictly prohibited. Page 16 Bruce T. Blythe, Chairman • • • • • Crisis Management International Crisis Care Network Behavioral Medical Interventions 404-841-3402 bblythe@cmiatl.com Darius Delon, AVP Risk Services • • Mount Royal University ddelon@hotmail.com Recording of this session via any media type is strictly prohibited. Page 17