A high performing trustworthy business is a great source of competitive advantage, and that is driven by the Board of Directors. The following are 12 “must follow” strategies for 2017 adapted from our book.
Boards must pay attention to corporate culture. Culture is the legacy of leadership, and a healthy culture builds stakeholder trust. Share on XBob Vanourek, Triple Crown Leadership
Demand management accountability for the factors that contribute to corporate character. Share on XRoger Bolton, President Arthur Page Society
Empower an independent chief compliance officer (CCO) to act as a strong ethical culture leader in the organization. Share on XDonna Boehme, Principal, Compliance Strategists
Align the business agenda with societal expectations. Build a better world as you build a better company. Share on XDoug Conant, Conant Leadership
Understand how your stakeholders feel about you. Take surveys, monitor social media and share information across the organization. Share on X Linda Locke, Standing Partnership
Practice values based leadership: articulate precisely, connect frequently, role-model, sanction or fire. Share on X Charles H. Green, Trusted Advisor Associates
Develop the strategic direction for the enterprise by taking the constellation of all stakeholders into account Share on X. Nadine Hack, beCause Global Consulting
See the entity through the eyes of a new employee by attending a live new-employee orientation or its online equivalent. Share on X Robert Galford, Center for Leading Organizations
Boards must develop their own robust crisis plans prior to any crisis. Share on X Davia Temin, Temin and Company
Build authentic conversations based on trust and exchange ideas fearlessly. Share on X Alain Bolea, Business Advisors Network
The Golden Rule is the best strategy for Boards to drive C-Suite behavior. Share on X Mark Chandler, Senior VP & General Counsel, Cisco
Review, discuss, share and elevate your company’s “Return on Trust.” What can be measured can be managed. Barbara Brooks Kimmel, CEO Trust Across America
Get the Board on board in elevating trust in 2017! Share on X. Over 50 more ideas like these are available by ordering the book.
Barbara Brooks Kimmel is the CEO and Cofounder of Trust Across America-Trust Around the World whose mission is to help organizations build trust. Now in its eighth year, the program’s proprietary FACTS® Framework ranks and measures the trustworthiness of over 1500 US public companies on five quantitative indicators of trust. Barbara also runs the world largest global Trust Alliance, is the editor of the award winning TRUST INC. book series and a Managing Member at FACTS® Asset Management, a NJ registered investment advisor. In 2012 was named one of “25 Women who are Changing the World” by Good Business International.
Copyright (c) 2017 Next Decade, Inc.
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