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Posts Tagged ‘Trust Inc. A Guide for Boards & C-Suites’

Aug
02

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Late last year Trust Across America-Trust Around the World  published the first in a planned series of award-winning books.  TRUST INC., Strategies for Building Your Company’s Most Valuable Asset brings together the wisdom of 32 experts. Six months later we released our second book, Trust Inc. A Guide for Boards & C-SuitesIn this book, sixty experts have joined forces to offer 100 strategies.

Throughout the month of August, we will be featuring 31 essays from our second book. Each stands alone as an excellent resource in guiding Boards and C-Suites on driving a trust agenda at the highest level in the organization, and provides tools for those who choose to implement trust-building programs in their organization.

Yesterday’s post…. There’s a Reason Why We Call Them Trustees discussed why being an “absentee landlord” doesn’t work.

The second essay in our series was written by Robert Galford, Managing Partner of the Center for Leading Organizations and a Leadership Fellow in Executive Education at Harvard’s Graduate School of Design. He is the co-author of The Trusted Advisor, The Trusted Leader, and Your Leadership Legacy. He is on the Faculty of the National Association of Corporate Directors, and is Chair of the Compensation and Governance Committee on the Board of Directors of Forrester Research. He is also a member of the Alliance of Trustworthy Business Experts (ATBE) and has been named a 2014 Top Thought Leader in Trustworthy Business by Trust Across America-Trust Around the World.

Kill the Evening Before Dinner

My friend Ken Daly, the CEO of the National Association of Corporate Directors, speaks frequently and passionately about the “asymmetry of information” as one of the biggest issues facing those of us in Board and executive roles. Think about it: where do we get our information on how well the organization is doing, or what it’s doing, or what it’s really like to work there? How much of our information do we get first-hand, compared to how much we receive in reports, summaries, or PowerPoint presentations? How do we, as senior executives and/or directors (especially those of us who serve as independent, outside directors) ensure that our judgments are well founded, based on complete pictures, and rooted in realities we personally understand?

Here are three proven things one can do as part of the effort against asymmetry, which, by any other name, is integral to the effort to build trust:

  1. Kill the “evening-before” executive team or board dinner. Instead, take a small group of front-line or mid-level employees to dinner in an informal setting, without the presence of other corporate executives. People are forthcoming, thoughtful, and engaging (to say nothing of appreciative).
  2. Sign up for those “Google Alerts” or other independent news alerts to keep abreast of what others are saying or hearing or reading about the organization.
  3. See the entity through the eyes of a new employee, be it via sitting quietly through a live new-employee orientation or its online equivalent.

Many more ideas at What Better Director’s Do.

I hope you have enjoyed this next sneak peak into our second book. If this brief look behind the door has been helpful, follow this link to order both of our books online.

Barbara Brooks Kimmel is the Executive Director of Trust Across America-Trust Around the World whose mission is to help organizations build trust. She is also the editor of the award winning TRUST INC. book series. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

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Should you wish to communicate directly with Barbara, drop her a note at Barbara@trustacrossamerica.com

Copyright © 2014, Next Decade, Inc.

 

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Aug
01

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Late last year Trust Across America-Trust Around the World  published the first in a planned series of award-winning books.  TRUST INC., Strategies for Building Your Company’s Most Valuable Asset brings together the wisdom of 32 experts. Six months later we released our second book, Trust Inc. A Guide for Boards & C-Suites. In this book, sixty experts have joined forces to offer 100 strategies.

Throughout the month of August, we will be featuring 31 essays from our second book. Each stands alone as an excellent resource in guiding Boards and C-Suites on driving a trust agenda at the highest level in the organization, and provides tools for those who choose to implement trust-building programs in their organization.

We begin our series with advice from David A. Shore, PhD, a former associate dean of the Harvard School of Public Health, and the founding director of Harvard’s Trust Initiative; and his colleague Jona Raasch, CEO, The Governance Institute (TGI), a division of NRC, a member based organization with 1000+ healthcare organization membership.

There is a Reason Why We Call Them “Trustees”

To a large extent, the long-term success of an organization depends on a trusting relationship between the board and executive management. On the one hand, boards must allow management teams enough flexibility to run day-to-day operations, while at the same time, ensuring appropriate oversight. When boards stray into operations and away from policy it is often for two main reasons: 1) they pursue what is most familiar to them, and 2) they lose trust in the CEO. Sadly, this loss of trust occurs more frequently than one might expect.

While oversight is central to everything boards do, here in lies the rub and the potential trust buster. Boards engage in oversight by monitoring decisions and actions to ensure they conform to policy and produce intended results. A board’s responsibility is oversight, and yet board members are infrequently on-site. We know that trust is built around the twin towers of competence and conscience. A competent executive management team is an expectation of all boards. Therefore, you build very little trust just by being competent. When it comes to building trust, conscience is where the equity lies. Conscience is how you behave when no one is looking. By virtue of their role as “absentee landlords,” board members are rarely “looking.” For a detailed analysis of board member meeting and committee activity in one industry, see: The Governance Institute’s 2013 Biennial Survey of Hospital and Health Systems.

I hope you have enjoyed this first sneak peak into the trust treasures contained in our second book. If this brief look behind the door has been helpful, follow this link to order both of our books online.

Barbara Brooks Kimmel is the Executive Director of Trust Across America-Trust Around the World whose mission is to help organizations build trust. She is also the editor of the award winning TRUST INC. book series. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

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Should you wish to communicate directly with Barbara, drop her a note at Barbara@trustacrossamerica.com

Copyright © 2014, Next Decade, Inc.

 

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Jul
31

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August is “Transparency” Month 

 

according to Trust Across America’s

 

2014 Calendar

 

Merriam Webster defines “transparent” as visibility or accessibility of information, especially with business practices. A leader who thinks he or she can still hide behind a veil of secrecy need only spend a few minutes on social media reading what stakeholders are saying.

 

During the  52 weeks of 2014 you can build trust in your organization by thinking about, discussing and following the advice of the experts. Below are weekly reflections on trust for August 2014.

Week 1: It’s useful to think of trust and its payoffs on a continuum. Elsie Maio, Humanity Inc.

Week 2: Trust is the acceptance of risk, and thus gives the ability to foresee, acknowledge and understand that no one is perfect. Stephen Marsh, PhD, UOIT, Canada

Week 3: Long-term trust trumps short-term profits and public relations gimmicks. Timothy J. McClimon, American Express Foundation

Week 4: Self-organized teams (SOTs) require and reinforce trust. Deb Mills-Scofield, Innovanomics

Please share your comments and suggestions! Email: barbara@trustacrossamerica.com

Barbara Brooks Kimmel is the Executive Director of Trust Across America-Trust Around the World whose mission is to help organizations build trust. She is also the editor of the award winning TRUST INC. book series. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

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Copyright © 2014, Next Decade, Inc.

 

 

 

 

 

 

 

 

 

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Jul
30

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I am so proud to know these two millenials.  Keep reading to learn more about them.

And while you are doing so, answer these questions honestly. How many of you would:

That’s what 20 year-old Justin Hoot did earlier this month, without thinking twice.

That’s what 27 year-old Maggie Doyne did just this week.

You can read more about Maggie here.

(If you ever wanted to support Maggie Doyne and everything she does, now would be a great time: secure.blinknow.org/page/outreach/view/fundraise-for-kopila-valley/babyboy)

What a way to say “thank you” and show your support for those who put others before themselves, a key quality of trustworthy leadership.

Justin and Maggie. I am honored to know both of you.

Barbara Brooks Kimmel is the Executive Director of Trust Across America-Trust Around the World whose mission is to help organizations build trust. She is also the editor of the award winning TRUST INC. book series. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

PrintND Trust CEO cvr 140602-ft

Copyright © 2014, Next Decade, Inc.

 

Have a question? Feel free to contact me: barbara@trustacrossamerica.com

 

 

 

 

 

 

 

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Jul
30

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Have you ever considered the inverse relationship between product warranties and trust? I have.

According to my friends at Merriam-Webster a warranty is: a written statement that promises the good condition of a product and states that the maker is responsible for repairing or replacing the product usually for a certain period of time after its purchase. 

The catch phrase is “a certain period of time.”

As consumers, how often have we heard the following:

  1. It’s not covered under warranty.
  2. Sorry, your warranty expired last week.
  3. Do you have a copy of your warranty?
  4. Do you know the length of your warranty?
  5. Did you send in the warranty?

In essence the manufacturer is setting a time limit on its own reputation and building a wall of mistrust between itself and its customers. I’m not suggesting that warranties should not exist. I suppose there are times when they are needed, although I can’t think of any offhand.

If you are interested in reading about the history of the warranty including such events as the 1975 Magnuson-Moss FTC Warranty Improvement Act, express vs. written, repair and replace, breach of warranty, disclaimers and limitation and dozens of other “laws” please click here. (Thank you Paul E. Wojcicki for incorporating all this information in one neat Slideshare.) Imagine how many lawyers it took to write the warranty rules and how many are needed to enforce them! Let’s not even think about the gross annual costs to society of warranty litigation.

How about instead, if companies just “did the right thing?”

Sometimes they do.

Yesterday I called Kohler to inquire about replacing a broken head on my kitchen faucet. The call wait time was very short, an English-speaking customer service rep answered, some basic information was collected (name, address, phone) and the matter was resolved in under 5 minutes. The outcome: The part is being replaced at no charge. There was little discussion of warranties. The closest was the question as to when the item was purchased. I told the CSR I had no idea, as I could not remember when we had our kitchen remodeled.

So hat’s off to Kohler for standing behind their product and “doing what is right” instead of only “what is legal.” And the way they do business is clearly not by accident. Founded in 1873, Kohler is a family-owned business, and a privately held company. You can read their mission statement here. Their employees seem happy and they have won many awards. The CEO, Herbert Kohler, Jr. is the founder’s grandson. And I’ll bet you didn’t know that the company owns several golf courses and an arts center in Wisconsin! Do you think culture and values are high on the priority list of this company? Are you surprised they have been in business for so long? I’m not. It seems they try to “do right” by all their stakeholders. I doubt the company is perfect, but they certainly set high standards.

Kohler has built trust with this consumer, and based on the success of the company, with many others as well. Can you guess who will get my business next time I need a new fixture?

Thank you Kohler. You are truly a role model for trustworthy business.

Barbara Brooks Kimmel is the Executive Director of Trust Across America-Trust Around the World whose mission is to help organizations build trust. She is also the editor of the award winning TRUST INC. book series. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

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Copyright © 2014, Next Decade, Inc.

 

Have a question? Feel free to contact me: barbara@trustacrossamerica.com

 

 

 

 

 

 

 

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Jul
29

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When  leaders bust trust, employees play games. I don’t mean board games or a tennis match. I mean the games employees play at work.

In my first job out of college, my boss was simply intolerable. In retrospect, I can’t blame him for being the way he was. He was placed in a leadership role, but was never meant to be a leader. He was insecure, abusive and lazy. He was also a liar. I frequently reminded him that if he didn’t lie, he never had to remember what he said. He chose not to listen. He assumed that all he had to do to be a good leader was to pay his employees well, and the other “stuff” would work itself out. But it didn’t.

“Game playing” became the office norm. These were some of the favorites:

  1. Calling in sick on Fridays and often on Mondays
  2. Every last minute of the hour-long lunch break was taken, and often more
  3. The water cooler was the most popular spot in the office
  4. Friday couldn’t come fast enough
  5. 9AM turned into 9:30 and 4:30 became the new 5PM
  6. Minimal effort was exerted
  7. Many of us treated our clients the same way we were treated
  8. People quit without notice
  9. Hours were spent on personal phone calls
  10. Throwing other employees under the bus was all too common

Through observation, I once calculated that the average employee spent less than 3 hours each day actually working.

Any of the above sound familiar?

This week leadership expert Tom Peters asked the following:

Do you absolutely understand and act upon the fact that the first-line boss is the…KEY LEADERSHIP ROLE…in the organization?

Employees take their cues from their leader. We certainly did. If you want to avoid game playing in your organization, act like a trustworthy leader simply by being a VIP role model (values, integrity, promises kept.)

 

Barbara Brooks Kimmel is the Executive Director of Trust Across America-Trust Around the World whose mission is to help organizations build trust. She is also the editor of the award winning TRUST INC. book series. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

PrintND Trust CEO cvr 140602-ft

Copyright © 2014, Next Decade, Inc.

 

Have a question? Feel free to contact me: barbara@trustacrossamerica.com

 

 

 

 

 

 

 

 

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Jul
28

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Recently I saw an ad for a men’s wristwatch. The company had substituted the “5” on the watch face for a picture of a martini. Apparently this reminds the wearer of the watch that it’s time to leave work and head for the bar!  It got me thinking about “humpday” and TGIF, the “grind” as some call it, and all the expressions workers use to show their disdain for their jobs.

Gallup released a poll in 2013 showing that a shocking 63 percent of employees are disengaged and another 24 percent are actively disengaged. Those disengaged workers cost business over $300 billion per year.

We know that happy workers are productive workers, so apparently the majority are pretty unhappy nowadays. Can you blame them? Overwork, underpay, job insecurity, and many less tangible reasons. And the root cause… organizations with leaders who place little to no value on their employees. Inflated egos, inattention, inability to say “thank you,” and perhaps worst of all, lack of transparency. This is how business is done, and  trust is busted. In a recent blog post  called “In Building Trust Actions Speak Louder than Words,” I offered some very simple suggestions for leaders who want to give trust a try. Pick  just one or two from this list today and watch engagement grow immediately.

Not convinced?  Look what happens at companies like Zappos when employee engagement is placed very high on the “to do” list. And as my friends at Edelman like to say, “If you want your employees to trust you, try engaging with them.” You may find less of them checking their watches for that 5 o’clock reminder to head to the bar.

Thank goodness today is Monday! I love my job and occasionally I even pat myself on the back.

Barbara Brooks Kimmel is the Executive Director of Trust Across America-Trust Around the World whose mission is to help organizations build trust. She is also the editor of the award winning TRUST INC. book series. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

PrintND Trust CEO cvr 140602-ft

Copyright © 2014, Next Decade, Inc.

 

Have a question? Feel free to contact me: barbara@trustacrossamerica.com

 

 

 

 

 

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Jul
27

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Did you know that Trust Across America-Trust Around the World (TAA-TAW) facilitates a group called The Alliance of Trustworthy Business Experts (ATBE)?

 

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This is a vetted membership group (annual fee to join.) We formed at the end of 2012 to meet the need for an organized team of cross-functional professionals (trust, leadership, teamwork, culture, ethics, compliance, customer service, CSR, branding, reputation, crisis repair, etc) who would work collaboratively to help organizations build trust. Among our members are CEOs and former CEOs, C-Suite executives, consultants, academics, NGOs, nonprofits, and even the media. We all have one trait in common. We know that trust works!

If you are interested in learning about our history, you can read the original press release announcing our initial 2-year Campaign for Trust via Reuters News, and review a list of our original 25 founding members.

We’ve come a long way in less than 2 years, and have expanded to almost 100 members from around the world.  The TAA-TAW website attracts thousands of visitors every day, with well over 100,000 page views per month, and growing daily.

While there are many benefits of joining the group, these are some of the more tangible.

  1. Referral Network: A growing network of speakers, panelists and experts that Trust Across America has booked for events
  2. Introductions: to other members with similar and complimentary objectives
  3. An opportunity to showcase your work: in Trust! (The Magazine) (coming this Fall)
  4. Write a report: for one of the most visited pages on our site: Building Trust Reports
  5. Produce a video: for our Trust Talks™ series
  6. Add your work to our living bibliography: (the most comprehensive of its kind) Constructing a Framework for Trust
  7. Participate in regional events: via our Circles of Trust
  8. Trust Inc. Books: participate in our book series The third book was announced to our members last week.
  9. Join the Alliance of Trustworthy Business Experts Tribe (with an audience reach of almost 1 million)
  10. Ask the Alliance: Provide expert commentary for the media (see example)

And finally, you can read what our members are saying.

Please consider joining us as we enter the second phase of our organizational trust journey.

**Note: The Alliance will be closed to new members when we reach our goal of 100 active participants. We will then initiate a waiting list.

 

Have a question? Feel free to contact me: barbara@trustacrossamerica.com

Barbara Brooks Kimmel is the Executive Director of Trust Across America-Trust Around the World whose mission is to help organizations build trust. She is also the editor of the award winning TRUST INC. book series. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

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Copyright © 2014, Next Decade, Inc.

 

 

 

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Jul
26

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Trustworthy leaders are VIPs according to a simple model incorporating 

Values, Integrity and Promises.

 

The VIP Trust Model™

 

 

TRUST=  VISION & VALUES+INTEGRITY+PROMISES KEPT

VIPPicture

 

 Copyright © 2014 Next Decade, Inc.

 

Organizations and their leaders become trustworthy once TRUST is earned.

This is accomplished via the following sequence of actions:

  • VISION & VALUES: Identify why the organization exists and what it stands for.
  • INTEGRITY: Identify, practice and communicate the moral principles and purpose of the leadership team and the organization.  Alignment is essential.
  • PROMISES: Ensure that leadership is held accountable for doing what it says it will do, and for regularly communicating the vision, values and promises to all stakeholders.

What do you think of this model?  Leave a comment.

Barbara Brooks Kimmel is the Executive Director of Trust Across America-Trust Around the World whose mission is to help organizations build trust. She is also the editor of the award winning TRUST INC. book series. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

PrintND Trust CEO cvr 140602-ft

If you would like to communicate directly with Barbara, drop her a note at Barbara@trustacrossamerica.com

Copyright © 2014, Next Decade, Inc.

 

 

 

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Jul
25

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We are all familiar with the expressions, “talk is cheap” and “actions speak louder than words.” For anyone who embraces trust as a personal or organizational imperative, what you say is not nearly as important as what you do. In fact, people learn by example, not through empty words like “I believe in you” or “great job” or that end-of-year performance “review.”

If you want to build trust in any relationship (family, friends, colleagues, coworkers, employees) you should find at least a few helpful suggestions in the list below:

  1. Be selfless instead of selfish. Put yourself second. Do something wonderful and unexpected. Do it just because you can.
  2. Celebrate every great achievement, every risk taken, and even the failures that can serve as learning experiences.
  3. Buy those turkeys at Thanksgiving, even if money is tight.
  4. Give an extra day off instead of “docking” someone for time not “earned.”
  5. Honor those who work hard with unscheduled bonuses.
  6. Catch someone doing something right. Pat someone on the back.
  7. Schedule some time for fun.
  8. Forego your “special” parking space and don’t brag about your “vacation” home or your latest “toy.”
  9. Spend time out of your ivory tower and down on the shop floor.
  10. Share a personal story. Be human, but don’t be a drama queen (or king.)

Don’t tell your family, friends, colleagues or your employees that you care. Instead, show them. Your actions might be contagious, and they will most certainly build trust.

What other actions have helped you build trust in relationships?  Leave a comment.

Barbara Brooks Kimmel is the Executive Director of Trust Across America-Trust Around the World whose mission is to help organizations build trust. She is also the editor of the award winning TRUST INC. book series. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

PrintND Trust CEO cvr 140602-ft

If you would like to communicate directly with Barbara, drop her a note at Barbara@trustacrossamerica.com

Copyright © 2014, Next Decade, Inc.

 

 

 

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