And that raises the spectre of
reputational risk to the company's business.
Jay says the reason they wanted to settle the case in question because there were serious
reputational risks to the company.
Not exact matches
«On a general level, there can be practical barriers
to pursuit of a criminal case, such as the victim
company's fear of embarrassment,
reputational damage, or the perceived
risk — real or not — that their trade secrets will be exposed in a court proceeding,» said Brooke French, shareholder at law firm Carlton Fields.
Mr. Janashvili brings
to Rose &
Company more than 20 years of experience helping
companies develop their brands, manage
reputational risk and respond
to crises.
«The use of the medicines in lethal injections runs counter
to the manufacturers» mission
to save and enhance patients» lives, and carries with it not only a public - health
risk, but also
reputational, fiscal and legal
risks,» wrote the
companies in a friend of the court filing.
Gaps in transparency and accountability may expose the
company to reputational and business
risks that could threaten long - term shareholder value.
Additionally, we do not agree with the proponents assertion that gaps in transparency and accountability may expose the
company to reputational and business
risks that could threaten long - term shareholder value.
Specifically, Defendants made false and / or misleading statements and / or failed
to disclose that: (i) the
Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the
Company's customers were using Qudian - provided loans
to repay their existing loans, thereby inflating the
Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the
Company was providing online loans
to college students despite a governmental ban on the practice; (iv) the
Company was engaged overly aggressive and improper collection practices; (v) the
Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the
Company's improper lending, underwriting and collection practices it was subject
to a heightened
risk of adverse actions by Chinese regulators; (vii) the
Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the
Company had failed
to implement necessary safeguards
to protect customer data; (ix) data for nearly one million
Company customers had been leaked for sale
to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords
to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the
Company to undisclosed
risks of penalties and financial and
reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.
SAN FRANCISCO (September 13, 2007)-- Glass Lewis & Co., LLC, a leading independent research and proxy advisory firm, today announced the launch of the ESG Watch List Service, a tool that enables Glass Lewis» proxy voting clients
to track
companies with environmental, social, or governance (ESG) policies and / or practices that may create operational, performance, financial, legal, accounting or
reputational risks.
Although AIdriven algorithms seek
to avoid the failures of rigid instructions - based models of the past — such as those linked
to the 1987 «Black Monday» stock market crash or 2010's «Flash Crash» — these models continue
to present potential financial,
reputational and legal
risks for financial services
companies.
Wrightbus complained that photos in the book of loose ceiling panels and broken light fittings, as well as criticisms of the bus's green credentials were «defamatory» and
risked «serious
reputational damage»
to the
company.
Companies that fail
to diversify their boards also put themselves at
risk of
reputational damage.
Hot hatches, after all, are not volume sellers integral
to the bottom line of a car
company, and there's an element of
reputational risk involved should the product fall dramatically short of what rivals can offer.
«Headline
risk» (the
risk of being written up in the financial press for investing in
companies with socially problematic practices or experiencing controversies) and related
reputational issues are additional understandable concerns that may prompt investor managers
to rationally trade off return potential for peace of mind.
«Overall, we see there is a surface level of preparedness from
companies globally
to have board - level oversight of climate
risk and opportunity,» she said, pointing
to key drivers such as investor pressure,
reputational factors and consumer reaction
to climate
risks.
Companies need in special circumstances
to err on the side of caution and disclose matters that may give rise
to injurious allegations and strive
to avoid
reputational risk.
In the wake of the recent stream of allegations and accompanying swift public repercussions,
companies and organizations are keenly aware of the potential for widespread legal, financial and
reputational harm, and also intently focused on proactive steps
to mitigate
risk and ensure a positive workplace environment.
In your opinion, could
reputational risk prove more effective than the threat of legal sanctions at persuading
companies to fully disclose their tax affairs?