Corporate Reputation Risk - the Increasing Risk of Publicity Regarding Mistakes and Short-Term Thinking
Howard Sklar is a former prosecutor and now a compliance specialist, and put out a brief but interesting new article on the reasons behind the increasing corporate risks of getting caught, or at least publicized. I share his conclusion that the risks are increasing. He frames the topic as follows:
"So the question “will we be caught?” or put another way “can we successfully hide this improper conduct?” becomes of primary importance. Every decision not to disclose has at its heart a belief that no one will ever find out.
The problem is, we can’t be confident in that proposition. There are more ways than ever that a company can get caught. Let’s discuss just a few."
His list of reasons is well worth reading.
