"Reputational damage" refers to harm or negative impact caused to someone's or something's reputation. It occurs when actions, events, or information leads to a decline in how others perceive and judge them.
Reputational damage can result in loss of trust, credibility, opportunities, and goodwill.
Full definition
Lastly, there is the risk
of reputational damage as customer sentiment shifts towards climate change awareness or investors divert funds from fossil fuels.
For a ruthless government that doesn't mind the temporary
reputational damage caused by a U-turn, if you float ideas of revolution that meet resistance, up the stakes to full - scale Armageddon and suddenly revolution seems a whole lot better by comparison.
One of the best weapons in fighting
reputational damage from a crisis is arming people with the facts and the web gives you an unfiltered way to provide the facts to the public.
«We became interested in the plight of people whose career trajectories were derailed because of someone else's unethical behavior — these were people who did nothing wrong themselves but
suffered reputational damage merely by being associated with a fraudulent employer or company,» says Takuya Sawaoka of Stanford University, who published a paper today on the «moral spillover» effect in Social Psychological and Personality Science.
What we have is an entire sector under the blowtorch and battling serious
reputational damage as the audience lay witness to AMP lying to the regulator, CBA awarded the «gold medallist» for charging fees for no service, planners caught taking fees from dead people, NAB caught false witnessing documents, client impersonation, inappropriate advice, Orwellian protection policies and a witness cutting short his testimony after collapsing.
ROZZANO, Italy, April 24 - Board fights at Telecom Italia and the battle of words between its top two shareholders have worsened the climate at Italy's biggest phone group and caused
serious reputational damage, Deputy Chairman Franco Bernabe said.
By the time BlackBerry 10 is released, the company could be working with a smaller subscriber base, and it will have suffered more
reputational damage in the wake of bleak earnings reports, further souring consumers on its products.
Being able to explain a pay differential in a way that is consistent with the relevant legal requirements could mean the difference between
avoiding reputational damage and spending in excess of five years defending equal pay claims», Lorraine Heard continues.
But as Peter Eavis at the New York Times pointed out yesterday, the bank isn't disclosing a number everyone would like to know: the «overall size of the derivatives bets that have led to large losses and much
reputational damage for the bank.»
This opens up the potential for costly lawsuits and huge
reputational damage if, for example, health organisations are exposed and fined for inadvertently sharing the personal details of children without their parent's knowledge.
«The stakes are high
with reputational damage, a large fine and even revocation of authorisation and partner strike - off being amongst the spectrum of potential outcomes if Leigh Day and its two partners can not succeed in contesting the allegations.
Speaking at a press conference alongside ASI c.e.o. Kevin Weiss from ASI's headquarters in Bloomington, Indiana, this afternoon (19th July), Makinson said Penguin did not have a «concern
about reputational damage» over the buy, but added: «The issue to which we are very sensitive is that the Penguin brand is associated with the idea of editorial selection.
The perpetrator was a sophisticated, tech - savvy and unscrupulous sort, based abroad, and while my lawyer friend pursued the matter through appropriate legal channels, getting the offending material removed from major search engines was a cumbersome, lengthy and expensive process, during which time anyone searching my friend's name online was bombarded with an array of falsified documents, quotes and images intended to inflict as
much reputational damage as possible.
The letter said her alternative would save trustees from
further reputational damage and «hopefully bring about swift improvements for the benefit of the pupils».
In these cases, Sawaoka and his co-author Benoît Monin noticed that people seemed to suffer more
reputational damage when they were associated with an unethical supervisor than with an unethical subordinate.
There is also the risk that an employer could be found to be vicariously liable for harassment or bullying committed by an employee against another employee, which could be costly and cause
vast reputational damage.
This will help them set up procedures which will mitigate against
potential reputational damage, significant financial cost and crucially prevent injury, or worse, to those who have been exploited and find themselves in an industry they are not trained for.»
This would be an overt act of theft rather than a covert one thorough Academies, and consequently harder to pull off
without reputational damage.
In a notable effort to
repair reputational damage, Coinbase supplemented today's announcement with a 14 - page document explaining things like the index methodology, and how the CBI will be administered.
The advent of the GDPR will place even greater emphasis on the need to process and store customer data securely: failure to do so could result in significant maximum fines, not to mention
severe reputational damage and remediation costs.
Inundated with allegations of shilling, both Suppo and other YouTubers have — rightly or wrongly — suffered
major reputational damage in the early stages of 2018.
The pleas of state immunity fail, as the interests or activities covered by the UN Convention on Jurisdictional Immunities of States and their Property 2004, art 6 (2)(b) do not
include reputational damage suffered by foreign states if it is proven that foreign officials acted contrary to their own laws.
If it is not then there should be no surprise when the criminals find the weak spots and wreak havoc, from which a firm might not recover, with
irreparable reputational damage.
Meanwhile, the ongoing rise of technology to host and manage customer data, the increased sophistication and complexity of cyberattacks and consequences of a breach that go way
beyond reputational damage have corporate legal teams looking at IT security much more carefully.
That Google may suffer
reputational damage because it is acting in accordance with the rule of law and is pursuing its appeal diligently was flatly rejected by the Court.
The field of corporate social responsibility (CSR) evolved partly as a tool to build corporate reputation and safeguard
against reputational damage.
«Until now, the remaining sanctions and concern about
possible reputational damage from engaging even unwittingly with one of the cronies on the blacklist held US companies back from actually investing,» Hiebert says.
Management teams monitor all sites for negative reviews and comments that they can nip in the bud and respond to
before reputational damage can set in and impact brand perception.
While in most companies the venture capitalists have to worry about their reputation along with their capital, in the case of Uber there is simply too much money at stake: transforming a $ 68 billion paper return to a real return (and guaranteeing a per partner return in the nine figures) is worth
whatever reputational damage is incurred along the way.
«The only way the boycott will be effective is if it creates
enough reputational damage that regulation becomes a reasonable option or if advertisers leave en masse,» says Brayden King, a professor at the Northwestern Kellogg School of Management who studies how social movement activists influence corporate social responsibility and policymaking.
I'm not sure a poll of federal taxpayers and parents would find the time and effort spent by these employees on the journal article — which I personally viewed purely as a form of
reputational damage control — to be a worthy use of these funds when other aspects of our meal program are in clear need of improvement.
«Financial mismanagement in any school is a real cause for concern, and such failures in academy schools create the risk of
wider reputational damage to the programme,» the NAO warned.
Indirect consequences of legal, technological or scientific developments, such as increased demand for goods that results in lower greenhouse gas emissions or
reputational damage arising from the public's perception of greenhouse gas emissions; and
«Instead, we risk significant fines for missing EU targets as well as
considerable reputational damage in view of the international climate negotiations in Paris at the end of this year» said Sorley McCaughey, head of policy and advocacy at Christian Aid.
Businesses that suffer a cybersecurity attack after the General Data Protection Regulation (GDPR) comes into force could face huge fines as well as
increased reputational damage and potential compensation claims.
Due to increasingly vague criminal provisions and the major
reputational damage connected to — even false — indictments, corporations hold a vulnerable position in negotiating prosecution agreements.
However, what can not — and should not — be ignored by those companies affected by this legislation, and perhaps even those who currently are not, is the
devastating reputational damage that failure to engage in the Government's efforts to eradicate this practice may lead to.