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Repuational Risk Management - a legal point of view March 2016 Dr. Steffen Bunnenberg

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Repuational Risk Management -a legal point of view

March 2016

Dr. Steffen Bunnenberg

#content

1. What happens if there is no reputationalrisk management?

2. What happens if you have a very goodreputational risk management?

3. What are the key elements of a verygood reputational risk management?

#reputational crises

What happens if there is no reputationalrisk management?

#reputational crises

1. legitimate claims2. illegitimate claims3. mixed cases

#legitimate claims

If the claim is legitimate, no legal steps are necessary.

#illegitimate claims

If it is an illegitimate claim, legal actions are possible and in general necessary.

#mixed cases

The right mixture and the right timing of direct communication and legal actions are the adequate answers.

#illegitimate claims - options

- you might be entitled to injunctive relief, counterstatement, repeal, compensation and reparation

- initialising the article to be blocked for search engines

- initialising the links to be blocked from the search index

#gatekeeper of reputational crises

Today, gatekeeper are not only traditional publishers or media corporations, they arealso those, who help to find information.

#accellorator of reputational crises

Internet &CPC and CPL

What happens if you have a verygood reputational riskmanagement?

#reputational risk management

You are ((very) well) prepared.

You know, what has happend.

You are able to lead thecommunication.

#reputational risk management

#reputational risk management

Perception of legitimate interest

#reputational risk management

Perception of legitimate interest

… to publish lawfully negative assumptions, speculations and rumours about ...

#reputational risk management

As long as the journalist is taking care ofhis duties (perception of legitimateinterest), in principle you are not entiteldfor any legal action. In this case: negative assumptions, speculations, rumours can not be fought with legal steps.

#reputational risk management

Informant àJournalist àResearch (Duties of Care) àPublishing an exclusive Story (negative Assumptions, Speculations, Rumours) àReputational Crises

#reputational risk management

Of course the journalist knows how far he can go, but it is time, that you influence, how far he can go.

#reputational risk management

Information letter based on press law:

- issued by an attorney- distributed through news agencys- carefully worded notice on (potential)

journalistic malpractice - request to respect journalistic standards- notice that any further publications will be

legally checked and claimed

#reputational risk management

Defueling of the potential scandal.

Information letter will be quoted.

No exclusive story. No one is first.

Self-Perception will be published, if the company already took the necessary steps.

Stakeholder

Self-Perception Public-Perception

#What is an reputational risk?

What are the key elements of a verygood reputational risk management?

#reputational risk management

core valuescore risks

#identify reputational risk

channels of communication

#identify reputational risk

#identify reputational risk - the acceleration

A few years ago people were talking offline at their group of regular´s.

facebook, kununu, tripadvisor, jameda, sanego, blogspot, holidaycheck, doccheck, yelp, google places, xing, linkedin, idealo, verivox, check24, test, ökotest, fuchsbriefe, avis-verifies, Bazaarvoice, Bizrate, eKomi, E-Komerco, ECナビ, The Feedback Company, Feefo, FIA-NET, Hardware.info, KiyOh, Klantenvertellen, Poulpeo, PriceGrabber, ResellerRatings, Reviews.co.uk, Reevoo, Shopper Approved, ShopVote.de, ShopAuskunft, StellaService, Trusted Shops, TrustPilot, Viewpoints.com, Yopi.de, Yotpo, お財布.com, クチコミの王様, Zoorate

#identify reputational risk - the acceleration

#identify reputational risks

FansFellowsSoldiersPrisonersGuerilla Fighters

#rate - the acceleration of a crises

#rate reputational risks

Fine, Tax offence, Regulatory offence, CAC, LTV, Churnrate

#rate - the acceleration of a crises

Most people talk at least to five other people about negative experiences with a company.

Source: forum!-Grundlagenforschung Fanfocus Deutschland 2013/2014

#define actions - groundrules

- capture all relevant information according toidentified reputational risks

- install and incentivate a whistleblowing system- teach to live the core values- teach to understand the influence of reputational

risk- install an easy to handle checklistsystem for your

employees according to all identifyed reputationalrisks

- monitor all communication channels important foryour core values to identify the reputational risksyou can´t manage

#define actions – individual

- single point of contact- define an event-team (PR Agency, Lawfirm)- check all options, their advantages and disadvantages

continuesly- information letter based on press law

#Thank you

Dr. Steffen BunnenbergBunnenberg Bertram RechtsanwälteFasanenstr. 7110719 Berlin

Tel.: 030 983 216 490E-Mail: [email protected]