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Jan 2014

Understanding reputational risk - the costs of 'act now, worry later'

This paper summarises key findings from the discussions at the Malaysian Institute of Integrity (IIM) and CIMA roundtable on reputational risk, based on a global CGMA survey.

The roundtable focused on the growing attention to risk, the role of social media and the benefits of safeguarding reputation. The resultant recommendations aim to help individuals and organisations to both reflect on their practices and consider how best they can strengthen integrity in their business.

It takes twenty years to build a reputation, and five minutes to destroy it. If you think about that, you’ll do things differently.

Warren Buffett

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Understanding reputational risk - the costs of 'act now, worry later'