Executive teams must recognize that criminal charges not only affect reputational standing but also have far-reaching implications for the overall financial health of a company.
The financial burden of defending against criminal charges can accumulate rapidly, involving high legal fees, fines, and potential civil suit settlements that disrupt a company’s financial resources.
Indirect costs extend beyond immediate legal expenses, dramatically affecting customer trust and investor confidence, which consequently lead to decreased revenue and heightened operational expenses.
A company's brand value suffers significantly following criminal allegations, with reputational damage causing declines in customer loyalty and an inability to attract or retain clients.
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