The Board Masterclass - Reputational Risk and its Roots
The fifth course in a series of half-day workshops designed for professionals with board experience who are interested in staying up to date with the latest developments which affect their board roles.
The workshop is designed to be interactive and is run by recognised experts in their field.
The sessions are followed by networking drinks to give you the opportunity to meet informally with our speakers and fellow delegates.
Attendance at each workshop will entitle attendees to receive a special FT NED Programme Board Masterclass Certificate of Continuing Professional Development for 5 hours of structured learning.
- Learn how to see the unrecognised risks that can ruin your business, your reputation and you
- Discover the real nature of 'reputation' and 'reputational risk'
- Recognise the hole in the ‘Three Lines of Defence’ through which most crises emerge
- Learn how reputational risk can be used as a lens to highlight systemic risks that sit in the hole
- Appreciate why prevention matters at least as much as crisis preparedness and management
- Gain insights from real-life examples where it all went wrong
You lose your reputation when the perception of your performance or behaviour fails to meet stakeholder expectations. When reputational risks damage your reputation, you will face costly consequences. These include increased pressure from stakeholders such as customers, employees, lenders, shareholders, regulators and politicians as well as loss of pricing power, lost revenue, increased operating costs, attacks on the board, destruction of shareholder value, opportunistic predation and insolvency.
Participants will learn how to find and see the unrecognised classes of risks that can destroy their businesses, their reputations and ultimately their careers.
They will learn about the behavioural and organisational drivers of reputational risk, why these risks and drivers are hard to find and how bring them under control. They will look at governance practicalities and the roles played by executives, non-executives and Chairs.
Anthony Fitzsimmons starts the workshop off by setting out the real sources of reputational risk, why they are hard to find and how to deal with them. Working in small groups and facilitated by Anthony, participants then work through a case study based on a real life example which brings the issue to life.
The workshop finishes with a panel discussion of experienced non-executives.
A leading thinker and speaker on behavioural, organisational and reputational risk. With his partners at Reputability, Anthony advises companies and their boards on these risks at senior management and board level.
Anthony spent 20 years as a partner in one of the world’s leading law firms specialised in handling major disasters around the world. This was the perfect place from which to observe the anatomy of unfolding disasters and wonder why some companies thrived and others didn’t. Early insights had to do with the importance of handling reputational risk in crises.
When he retired from the law, Anthony’s insights into reputational crises led him to participate in the writing of ‘Roads to Ruin’ the Cass Business School report for Airmic. This seminal report and subsequent research confirmed the fundamental role of behavioural and organisational risks in tipping crises into reputational catastrophes. It classified what are now known as behavioural and organisational risks and also showed how they also caused those crises.
Anthony gained a degree in Engineering at Cambridge before qualifying as a barrister and as a solicitor. He spent 30 years at Ince & Co in London dealing mainly with insurance and liability issues before setting up Reputability.
FT Non-Executive Directors' Club×
FT Non-Executive Directors' Club
Lesley Stephenson is the Publisher of the Financial Times Non-Executive Directors' Club and also of the Financial Times Non-Executive Director Diploma.
She has specialised in corporate governance since publishing the Cadbury Report on behalf of the London Stock Exchange in 1992. Lesley has written for the International Corporate Governance Network (ICGN), the European Corporate Governance Institute and the ICAEW NED Special Interest Group.
She has been the Publisher of the Club since 2003, she was the driving force behind the development of the FT NED Diploma and continues to oversee it.
She also publishes the leading monthly newsletter on corporate governance, Governance, which has been around for over 20 years covering governance developments and best practice world-wide.
Global DirectorSee bio
FT Career Management×
FT Career Management
Steve has 24 years experience in the commercial departments of global news content providers, firstly with The Telegraph Media Group where he ran various vertical sector print and digital publications and latterly with The Financial Times, where he is currently the Global Director of Financial Times Career Management (FTCM). His remit includes the running of exec-appointments.com, the FT Non-Executive Directors' Club and the FT Non-Executive Director Diploma and the Business Education franchise. He has been involved with the FT NED Diploma from conception through to it's current state of being the most recognised, robust and credible formal qualification for independent directors in the world.
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