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Whether it's unlocking a genetic code, developing a drug to cure disease or finding the key to longevity, the prospect of personal glory or national prestige propels us to risk reputation, capital and even our lives to get there first.
Robert Khuzami, the enforcement director at the Securities and Exchange Commission, disputed that view, saying recently that staff lawyers "would not risk reputation and career and even jail by undermining an investigation for a possible future job prospect".
In operational risk, reputation risk is a key and nothing is going to damage reputation like a public reprimand and or fine for breach of a key regulation like client money.
My dream is that ultimately we will consolidate insights across risk, reputation, and opportunity back into a single real time dashboard for any C-level professional so that a CEO has as much transparency, clarity, granularity as to what's happening outside of their organization as inside it".
Whether a sentence was for a day, a month, or years, how many would be willing to risk reputation, employment, or a prison record for trinkets?
By embedding qualitative risk (reputation and crisis) into a total quality control approach, these companies and others are experiencing quantitative reductions in risk-associated costs.
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If they don't feel they are risking reputation, they might try something completely new.
An official LDS website says that Smith's plural wives "risked reputation and self-respect" for being involved in a practice that was so foreign to American culture at the time.
"Those who turn a blind eye to exploitation face very real risks – legal risks and risks to reputation and impact on their bottom line," she said.
The corporate mindset does not easily or naturally embrace nonmarket risks, or soft risks, including reputation, trust and adaptive behavior that don't lend themselves to static measurement.
I wouldn't risk my reputation otherwise".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com