Question: An ongoing debate relates to the relationship between operational risk and reputational risk. Various views state that reputational risk is a separate risk type that

An ongoing debate relates to the relationship between operational risk and reputational risk. Various views state that reputational risk is a separate risk type that must be managed. Regarding the view on reputational risk stated by the chairperson, you are required to differentiate between operational risk and reputational risk. Furthermore, discuss at least two potential reputational risks, resulting from an operational risk event for the track car race club and how they can be attended to or controlled.

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