Most companies are worried about risks to their reputation, but more than half of the world's largest firms have no plans in place to protect them, Aon insurance brokerage reported.
In its “Global Risk Management Survey '07,” the Chicago-based brokerage found that the number one risk to all corporations is damage to reputation. The second major risk concern is business interruption, followed by third-party liability, distribution or supply chain failure, and rounding out the top five, market environment.
“Its top ranking in the list of key concerns is down to the fact that executives now see reputation as a major source of competitive advantage,” said John Keeble, director of Aon Global in a statement.
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