Purpose: The purpose of this paper is to explore the definitions surrounding reputational risk and study the ways leading banks of European Union treat reputational risk management.
Design and Methodology: The paper uses a sample of leading banks of European Union to study the disclosure of reputational risk using qualitative and quantitative content analysis. The paper then uses the case study approach to explore reputational risk management at the organisation level.
Findings: The key finding of this paper is that disclosures of reputational risk is not standard in the industry.

The Cadbury Report, titled Financial Aspects of Corporate Governance, is a report issued by "The Committee on the Financial Aspects of Corporate Governance" chaired by Adrian Cadbury that sets out recommendations on the arrangement of company boards and accounting systems to mitigate corporate governance risks and failures. The report was published in draft version in May 1992.

We study the effect of adoption of enterprise risk management (ERM) principles on firms’ long-term performance by examining how financial, asset and market characteristics change around the time of ERM adoption. Using a sample of 106 firms that announce the hiring of a Chief Risk Officer (an event frequently accompanied by adoption of Enterprise Risk Management) we find that some firms adopting ERM experience a reduction in earnings volatility. In general however, we find little impact from ERM adoption on a wide range of firm variables.