Archive

Posts Tagged ‘trustworthy behavior’

Jan
28

BARBARA KIMMEL INTERVIEWS BOB WHIPPLE

Barbara Kimmel: Bob, tell us a bit about your background, qualifications and expertise. If you have  written a book, please provide the title.

Bob Whipple: I have been in the leadership and trust business for about 40 years. Working as a senior leader in a major corporation, I found that trust is the most significant enabler of exceptional performance. To build trust, you must have exceptional leaders.

I have three books published, and a fourth one under construction. They are:

The Trust Factor: Advanced Leadership for Professionals, 2003, Productivity Publications   amzn.to/14p25qp

Understanding E-Body Language: Building Trust Online, 2006, Productivity Publications     amzn.to/WIDWXo

Leading With Trust is Like Sailing Downwind, 2009, Executive Excellence Publishing           amzn.to/YbTbsX

Building Trust and Unity During a Merger or Acquisition, 2014

I have written over 300 published articles on trust, leadership, and other topics on personal excellence in numerous journals and in the online environment. “Leadership Excellence Magazine” has named me as the #14 top rated consultant on Leadership Development, and Trust Across America has identified me as one of the Top 100 Thought Leaders in Trustworthy Business Behavior. 

Barbara Kimmel: Trust Across America’s mission is to rebuild trustworthy business behavior across the globe.  How would you generally define trustworthy business behavior? 

Bob Whipple: I think it’s pretty simple. Trustworthy business behavior means doing the right things at all times, especially when nobody would know if you did something else.

Barbara Kimmel: In your opinion, what are some of the specific components of trustworthy business behavior?

Bob Whipple: Personally, I think the acronym for TRUST below is a good place to start. There are literally hundreds of components that embody trust, but if a leader can consistently apply these five components, he or she is going to do well at enabling trust.

1. Trusting Others – To receive more trust, show more trust.
2. Reinforcing Candor – Praise people for speaking their truth – drive out fear.
3. Universal goals – High trust requires alignment: all pull in the same direction.
4. Sincerity – Treat people the right way: Golden Rule is a good one.
5. Transparency – Share all the information you can legally share.

Barbara Kimmel: We all know that the erosion of corporate trust is a big problem. What are companies doing to combat this, and is it enough?

It is situational. Some organizations continue to shoot themselves in the foot on trust just about every day. Their leaders believe they are heading in the right direction, but they are quite blind to the damage they are doing.  It stems from a lack of Emotional Intelligence.

Fortunately, I am seeing more and more CEOs who are starting to realize what they leave off the table when there is low trust. These enlightened leaders are willing to at least consider the notion that they are a part of the problem when there is low trust. The ones that really “get it” are seeing dramatic productivity gains.

As the word spreads, some of the jerks are starting to wonder if there might really be something to this trust stuff.  That is encouraging, but there are still way too many losers out there. Turning a non-believer into a true enlightened advocate for higher trust is one of the true joys in my life.

Barbara Kimmel: Is the global “trust” climate improving or worsening? What actions will turn things around?

Bob Whipple: I believe the pendulum is heading in a good direction over the past few years. There are still a lot of snakes in the grass, but I believe the worst times of abuse may be behind us.

As the Edelman Trust Barometer shows, the level of trust fluctuates country-by-country depending on what has happened in the prior year. In general, trust in the USA is lagging many other countries. That is why the work of Trust Across America and the individual contributors to the trust movement is so critical for our collective future.

Barbara Kimmel: Can you provide a few examples of companies that are doing the “right” thing in your opinion? What steps are being taken by these companies that set them apart?

Bob Whipple: There are four outstanding companies in my hometown of Rochester, NY who are leading the way with trust. They score well on the top companies to work for in America every year. They are Wegmans (grocery chain), Dixon Schwabl (marketing and advertising firm), Eastman Savings and Loan (Federal Credit Union), and Klein Steel.

All four of these organizations invest heavily in their culture, and it shows in the results they are getting. In each case it is the result of enlightened and passionate leaders that is causing this remarkable track record.

Barbara Kimmel: Anything else you would like to add as a closing comment?

Bob Whipple: I am highly supportive of the work of the Trust Across America Organization and am a proud founding member of the Alliance of Trustworthy Business Experts (ATBE). bit.ly/13TX5Kj Our work is critically important, and we are making a difference. The next two years are going to show wonderful progress on trust in business across the globe.

Barbara Kimmel: Bob, thank you for your time today and all you do to advance the cause of trustworthy business.

What do you think? Send your comments to Barbara@trustacrossamerica.com

Barbara Kimmel is the Executive Director of Trust Across America, global leaders in information, standards, data and Who’s Who in trustworthy business. www.trustacrossamerica.com

 

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Jan
03

News Release

For Immediate Release

For Additional Information contact:

Barbara Kimmel

Executive Director

Trust Across America

908-879-6625

 

Trust in Business Essential for 2013:

Global Experts Join Forces to Combat Trust Crisis

 

Chester, N.J.  January 3, 2013—After a well-documented 10+ years of declining trust in government, business and the media, Trust Across America (TAA) (www.trustacrossamerica.com) and its ambassadors are launching the Campaign for Trust™, a two-year initiative to reverse this cycle.  “As the leaders in information, standards, data and the Who’s Who of trustworthy business, this is the next step in our initiative that began in 2009,” said Barbara Brooks Kimmel, a Co-founder and the Executive Director.

In the fourth quarter of 2012 TAA created The Alliance of Trustworthy Business Experts (ATBE) to collaborate in advancing the cause of trustworthy business through the creation of trust tools and communications outreach. Over 100 global thought leaders from Fortune 500 companies; leading academic institutions; global media and consulting have joined since the mid-October launch.

Much of the work of the alliance will be via strategic partnerships with our Founding Members listed alphabetically: Patricia Aburdene (Co-author of Megatrends 2000); William Benner (WW Consulting); Randy Conley (The Ken Blanchard Companies); Stephen M.R. Covey (Franklin Covey-Speed of Trust); Linda Fisher Thornton (Leading in Context); Bahar Gidwani (CSRHub); Charles Green (Trusted Advisor Associates); Nadine Hack (beCause Global Consulting); Michael Hopkins (MHC International); Gary Judd (Franklin Covey-Speed of Trust); Barbara Kimmel (Trust Across America); Jim Kouzes (The Leadership Challenge); Deb Krizmanich (Powernoodle); Mike Krzus (Co-author of One Report); Greg Link (Franklin Covey-Speed of Trust); Linda Locke (Reputare Consulting); Edward Marshall (Author Building Trust at the Speed of Change); Jon Mertz (Thin Difference); Deb Mills-Scofield (Innovanomics™); Robert Vanourek (Triple Crown Leadership); and Bob Whipple (Leadergrow Inc.).

According to Kimmel, “We will be assembling a Trust Toolbox™ in 2013 to assist businesses in building trust with their stakeholders. Collaborative projects in development include the publication of a book- Trust Inc.: Strategies for Building Your Company’s Most Valuable Asset, a collection of short essays from our global thought leaders; the Trust Directory™ designed for companies who seek advice and counsel; the creation of trust assessments; the development of a Trust Index™; educational Trust Talks™; a monthly publication called the Trust Sheet ™, announcing trust alliance member news from around the world; and the opening of our online Trust Store™, a virtual one-stop shop for trust products.”

Kicking off the campaign will be the January 14 announcement of Trust Across America’s 3rd annual Top Thought Leaders in Trustworthy Business. Our 2013 recognition list will honor the late Dr. Stephen R. Covey, whose professional accomplishments in the field of trust were instrumental to the founding of the Trust Across America initiative four years ago.

According to Amy Lyman co-founder of Great Place to Work Institute and author of The Trustworthy Leader, “The evidence is irrefutable. Cultures of trust, created by leaders who are credible, respectful and fair bring with them significant economic, social, community and environmental benefits. It is what every employee wants and what every business leader should strive for.” Trust Across America, through its new trust alliance, hopes to develop the requisite tools to enhance cultures of trust, and encourages those interested in furthering the cause of trustworthy business to join the alliance. trustacrossamerica.com/cgi-bin/alliance.cgi

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Dec
14

Basic human decency- has it disappeared? It certainly seems that way- and perhaps this is why trustworthy business behavior has too.

My holiday wish for all of you is to consider the following professional business practices and share them with your team, every month beginning in January.  Together we can begin to rebuild human decency in 2013 and collectively elevate the level of trust in business. Naïve? – Maybe, but certainly worth a try.

January–  Promises: If you make a promise, keep it.

FebruaryBehavior: Practice what you preach.

MarchAccountability: If you say you are going to do something, follow through.

AprilObligations: If you owe someone money, pay them. Don’t hide behind your legal department.

MayIntegrity: If you are told something in confidence, don’t betray it.

JuneTeamwork: Have your colleague’s back.

JulyRespect:  Be on time for the meeting or the phone call.

AugustHonor: Your handshake should be worth as much as a written contract.

SeptemberHumility:  Be humble. Don’t brag about how much money you make and all the toys you bought with it.

OctoberSocial Responsibility: Practice good corporate social responsibility regardless of whether a “program” is in place to do it.

NovemberSelflessness: Think of others before yourself.

DecemberTrust:  Don’t forget that trustworthy business is not about quarterly earnings and international expansion, but rather about “doing the right thing.”

Barbara Kimmel, Executive Director

Trust Across America

 

You may direct questions or comments to Barbara@trustacrossamerica.com

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Oct
17

Regardless of the size of the organization, it’s no secret that every “buck” stops on the CEO’s desk and trust is no exception. A CEO who fails to “model” trust cannot build or maintain a sustainable business. So while the following “10 T’s of Trustworthy Leadership” may seem somewhat obvious to you, they may not be to your CEO. Share them the next time your team meets and deliver a copy of this blog to the CEO’s office. If he or she doesn’t thank you for it, you’re probably working for the wrong leader.

#1 Trustworthy- Very simply, a culture of trust cannot exist with an untrustworthy leader. Trustworthy behavior must start at the top and flow down through every manager within the organization. Trust building tools should be incorporated into meetings. Management should reward those who model trust and CEO’s should regularly address all stakeholders about the steps being taken to build trustworthy behavior within the organization.

#2 Tools- and speaking of tools, there are many trust tools that CEO’s can utilize to build trust amongst their internal and external stakeholders. They run the gamut from metrics to assessments and online surveys. The results may be surprisingly good, or just the opposite. And if they are the latter, it’s time to get busy.  Either way, maybe it’s time to add a Chief Trust Officer to the staff. And remember, what can be measured can be managed.

#3 Treatment- The Golden Rule says to “treat others the way you want to be treated” and certainly holds true with trust. The CEO that extends trust to his/her stakeholders is more likely to have it returned.

#4 Teamwork- As we all know, teamwork leads to better decisions and better outcomes. Breaking down the silos to make trustworthy behavior the #1 priority in the C-Suite, should be on every CEO’s “to do” list. Trust should not be confused with compliance. Being “legal” is not the same as being trustworthy.

#5 Talk- Your stakeholders need to know what steps you are taking to build a trustworthy organization. Let’s face facts, quarterly numbers are no longer the “be all and end all,” and the evidence is building that one need not sacrifice “good numbers” for a trustworthy culture. Companies can simultaneously “do good and do well. “ www.trustacrossamerica.com/blog/?p=573

#6 Truth- for goodness sake, any CEO who wants to build a trustworthy organization, must always tell the truth. No company is perfect. It’s not necessary to air all the dirty laundry, just don’t lie about it.

#7 Time- Building a culture of trustworthy business does not happen overnight. It takes time, maybe even years. The CEO who invests the time to educate himself or herself about how to build trust among teams and with stakeholders, develops a plan, communicates and implements it, will be rewarded with greater stakeholder trust. And when the slip up occurs, those who “banked” trust will recover faster.

#8 Transparency- Merriam Webster defines “transparent” as characterized by visibility or accessibility of information especially concerning business practices. Any CEO who thinks he/or she can still hide behind a veil of secrecy need only spend a few minutes on the social networks reading what stakeholders are saying about his/her company. Why not be proactive? It’s time to stop viewing transparency as a risk.

#9 Thoughtful- that’s not to say that stakeholders must know the company’s trade secrets or what the CEO had for dinner. But the CEO who thinks about building a trustworthy organization, might consider making “trust” more prominent through a well-developed communications strategy. It’s still the rare company that makes trust a priority, so if yours is one of the few that do, why not brag about it? Your stakeholders will thank you for it.

#10 Tweet- If Bill George sees a reason to do it, it’s probably time you did too!

online.wsj.com/article/SB10000872396390444083304578018423363962886.html?mod=rss_Technology

 

Barbara Kimmel is the Executive Director of Trust Across America, the leading source of information, standards and data on trustworthy business.

She is also the self-designated Tribal Chief of The Alliance of Trustworthy Business Experts (#trusttribe)

trustacrossamerica.com/cgi-bin/alliance.cgi

Barbara was recently named one of 25 Women Changing the World 2012

You can follow her on Twitter @BarbaraKimmel and direct comments to

Barbara@trustacrossamerica.com

 

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Sep
27


Good Business New York Leading Women for 2012 has named Trust Across America’s Founder, Barbara Kimmel, among its honorees.

The accomplished women listed below inspire us, surprise us, and give us hope that the world can be a better place. Each of these determined women honored this year is working diligently to solve critical social and economic problems.

These courageous women tackle our most challenging modern issues including environmental sustainability, human rights, business trust, equitable capital allocation, social enterprise, women’s economic empowerment, and ethical leadership with indefatigable energy and dedication.

The “Good Business New York™ Leading Women of 2012” includes economists, lawyers, thought leaders, journalists, policy makers, activists, investors, corporate executives, entrepreneurs, philanthropists, scientists, quants, and academics. Some are known to us personally at Good-b; others are not. All of these women have been selected for their impact and effectiveness in the world of business and finance.

We live in times of crises. Critical social and economic challenges are more important than ever to address, and even more importantly to resolve. These women are among the champions and change makers who are creating real and positive change. Most of these women are well known in their circles, but none are household names. Some operate behind-the-scenes; others take center stage. Our goal atGood Business New York™ is to celebrate the important work that each of these remarkable women do everyday with committment, personal sacrifice,  passion, purpose, and sheer determination – work that might sometimes go unnoticed by the general population, but is never-the-less shaping the positive changes taking place in business and society.  At Good Business New York™, we honor the triumphs and accomplishments of these 25 Leading Women in the face of real challenges.

After eight months of deliberation and research at Good Business New York™, we have selected 25 amazing women to represent the power that one person has to make a big difference. We believe they deserve even greater recognition for the socially, environmentally, and economically sustainable work they do every day. They serve as role models for women and girls everywhere.

We celebrate these 25 dynamic women who inspire and empower us to create a better world for all. The“Good Business New York™ Leading Women for 2012” offer us hope that a more equitable and sustainable economy is possible, one that serves all levels of society fairly and responsibly and doesn’t leave millions of the world’s inhabitants out. We congratulate and applaud all of them for what they do every day for our communities and our world.

To review the complete list, please click on the link below.

good-b.com/?p=10329

“I am honored to be included among this list of outstanding women,” said Barbara Kimmel. “This recognition reconfirms that the work I am doing at Trust Across America is not only helping to restore trust in the business community, but is also being more widely acknowledged by prestigious organizations like Good Business New York”.

 

 

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Aug
26

Will you join Trust Across America in a pledge to model trustworthy business behavior?

Curtis C. Verschoor, CMA, a member of the IMA Committee on Ethics and one of Trust Across America’s Top Thought Leaders in Trustworthy Business Behavior trustacrossamerica.com/offerings-thought-leaders.shtml recently wrote a blog post called A Disturbing Thirty Days www.accountingweb.com/article/disturbing-thirty-days/219658

Essentially, the post talks about the enormous worldwide corporate transgressions that occurred from mid-June to mid-July 2012 beginning with $4 billion in fraud and ethics fines levied against the pharmaceutical industry. The enormity of these global trust violations is staggering.

Life is a series of small interpersonal transactions that either build trust or lose trust. I believe that the economics of trust works as follows: every small positive deed, whether seen or unseen, adds to ones personal and professional value. In this environment, a single transgression can derail decades worth of “brand” building if trust has not been “banked”.

Lately I’ve thought quite a bit about trust violations and what’s behind them. In most cases, the root cause of the breakdown of trust is self-serving and self-interested behavior, often on the part of those in the most trusted positions in business. While all professionals, regardless of their field, can build and bank trust, sadly few choose to. Even those who work in the fields of trust and ethics don’t always take the high road. And so here we are today witnessing some of the worlds largest companies paying billions of dollars in fraud and ethics fines, with no apparent end in sight.

Most of us have fallen victim to trust violations, and while the “big” cases, like those referenced in the link above, make the news, the day-to-day transgressions may not. Regardless of their size, trust violations harm interpersonal, inter-organizational and international relations.

Franklin Delano Roosevelt’s second inaugural address in 1937 included the following passage. “We have always known that heedless self interest was bad morals, we now know that it is bad economics. Out of the collapse of a prosperity whose builders boasted their practicality has come the conviction that in the long run economic morality pays.” Roosevelt was correct. Economic morality does pay but it seems that the business world needs a reminder.

Will you join Trust Across America in a pledge to model trustworthy business behavior? Will you take that pledge today? Will you serve as a role model for your children, your friends and your co-workers? Will you remind them (as often as needed) that economic morality pays? Will you share this short blog post with those who have banked trust and those who should start?

On Twitter: #pledgetobetrustworthy

Barbara Kimmel is the Executive Director of Trust Across America. Send your comments to barbara at trustacrossamerica.com

 

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Aug
21

Anyone still hesitating to embrace the business notion that trust is an asset – an asset that can leverage real business gains – should look at the ongoing data from Trust Across America (TAA) comparing companies with strong trust profiles to all other companies.   TAA is a US-based think tank exploring the issues of corporate trust and the relationship between trustworthy business and company performance in America – this, at a time when we feel corporate trust is not only rare, but also misunderstood and unappreciated as a business-building tool.

Among the empirical data we have collected over three years studying 3,000 US public companies, is the vivid performance of our “Gold 59” – including US brands such as Mattel, United Natural Foods and Accenture.   The Gold 59 comprises the US-based public companies that met our minimum benchmarks of trustworthy business behavior – which essentially means an above-average score in each of our five drivers of trust including Financial stability, Accounting Conservativeness, Corporate Integrity, Transparency and Sustainability (FACTS®). While many companies may be strong in multiple drivers, our research shows that a “weak link breaks the chain” and this is why only 59 companies qualified.

Compared to the S&P Index, an accepted standard for stock performance among some of the largest 500 companies in America, the Gold 59 is presently 500 basis points (or 5%) ahead since November 2010 when TAA began to formally share its data. Certainly the 10-year trend is even more enlightening, compared to a very stagnant S&P.

 

Source: Trust Across America May 2012

  We can point to five critical areas that show why the Gold 59 is so much further ahead of the S&P:

  • Governance: Companies that made it into our Gold 59 put transparency and governance high on their priorities lists to ensure they have operations that meet and exceed the minimum standards expected. They are not “just compliant.”
  • Stakeholder Engagement: Trust is a tango of at least two, and companies that engaged key stakeholders in meaningful, two-way communication received unbiased high trust marks.
  • Consistency: There is nothing like being reliably consistent in delivering on product and service excellence and business performance to solidify trust with the audiences that make a business succeed.
  • Authenticity: “Keeping it real” is a motto that rises to the highest levels in business performance, which means being honest about successes, failures, goofs and unexpected triumphs.
  • Relevance: Companies that reflect real needs and real opportunities are the companies that attract the highest level of interest and potential for trust dividends by delivering on those high expectations. Sales increase because customers like doing business with trustworthy companies. We see this in other highly ranked FACTS companies like Nike and Starbucks.

“When we deliberately and consistently behave in ways that inspire trust, we will experience high-trust ‘dividends’,” says Stephen M.R. Covey, author of the bestseller The Speed of Trust. “There are actual economics to high trust – the dividends of greater speed and lower cost – just like there are economics to low trust – the “taxes” of lower speed and higher cost.  These economics of trust are experienced in relationships, on teams and in organizations, and ultimately these economics translate and extend into the financial marketplace.”

Perhaps the most exciting aspect of trusted companies “beating the street’ is the evidence of the upward virtuous cycle that is created because of the reciprocal nature of trust. When we trust people, they tend to trust us back. When we reward trusting behavior in organizations, it begets more trust-building behavior — which is the essence of a free and civil society.   The Gold 59 proves that the market values trustworthy behavior.   So why does the crisis of distrust continue and why are companies not running to prove their trustworthiness?   This is the inspiration for many more columns on the asset of corporate trust, but it boils down to a system that makes other assets priorities over trust – specifically, antiquated notions of shareholder value and settling for regulatory compliance as the marker of ethical behavior, among other distractions. The value of a company is derived from the relationships it maintains will all its stakeholders, not just shareholders. When we look at corporate performance we can no longer look at the short-term and we cannot merely look at investors.

If we study the other 2,941 pubic companies that don’t meet TAA’s minimum threshold for trustworthy business behavior, we see how rare trust is and how easily poor performance is justified by the apparent fact that “everyone else is doing it.” Trust leadership requires a more progressive stance on building authentic relationships with stakeholders – a relationship that pays trust dividends.  It also requires a long-term focus. And for those pioneers in valuing trust and investing in trust, the upside is clear –and the short-term takes care of it self.

Barbara Kimmel, Executive Director of Trust Across America (TAA), a US based think tank and communications program (www.trustacrossamerica.com) whose mission is to restore corporate trust. Email your thoughts and ideas to barbara at trustacrossamerica.com

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Feb
14

Who Are the Tri –State’s Most Trustworthy Public Companies?

Even though trust in corporations is dropping nationwide,  many companies in the Tri-State area exhibit high levels of trustworthy behavior and many are surging ahead of the S&P as America recovers from its most recent recession. According to Trust Across America (TAA), the Tri-State area’s most trustworthy companies are:

New York:       

Gold- Hess Corporation                    

Silver- Transatlantic Holdings Inc.  

Bronze- Avon Products, Inc.            

For more details: tinyurl.com/4bn6zn3

New Jersey:          

Gold- Prudential Financial, Inc.

Silver- Cytec Industries Inc.

Bronze- Sealed Air Corporation

For more details: tinyurl.com/5t5cxlw

Connecticut:        

Gold- Praxair

Silver- Rockville Financial

Bronze- United Technologies

For more details: tinyurl.com/65ekk43

Trust Across America shines the spotlight on world-class companies exhibiting high levels of trustworthy business behavior, while providing a roadmap for other organizations to follow. Although trust was difficult to accurately measure in the past, TAA has compiled a composite set of trust metrics and worked closely with organizations that measure them.  The result is a new model called FACTS™, an acronym that stands for Financial stability and strength, Accounting conservativeness, Corporate integrity, Transparency, and Sustainability, with each factor evenly weighted. The power of this model is that it is objective, quantitative, and rich in independent metrics. 

Barbara Kimmel, Executive Director of Trust Across America states: “There are no perfect companies.  However, many companies have touted themselves as trustworthy and have been given a free ride because corporate America has lacked a definition of trust and tools to measure it. Our data can see through the smoke and mirrors.”

So while the news continues to be filled with surveys showing that consumer and investor mistrust of business is rising, we can now focus on the companies that are working hard to earn the public’s trust. As a result, consumers can now choose to do business with these trustworthy companies, while investors have an added level of protection from the next corporate scandal. 

 Trust Across America is a program of Next Decade, Inc., an award-winning firm that has been unraveling and simplifying complex business subjects for over 20 years. TAA provides a framework for public companies to improve trustworthy business practices, as well as showcasing role models that are exhibiting high levels of trust and integrity.

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Dec
28

What were the most trustworthy business sectors in 2010? We recently ran this question through our FIDES ™ computer software. We bundled all the companies in our database (almost 3000), sorted by sector and pressed “go!” Here are the top 5 sectors- there are 16 in total:

Basic Materials– lead by Lubrizol (www.lubrizol.com) and Eastman Chemical (www.eastman.com)

Oils-Energy– lead by Hess (www.hess.com)

Utilities– lead by Pinnacle West Capitol Corp. (www.pinnaclewest.com)  and Oge Energy (www.oge.com)

Consumer Staples– lead by Avon Products (www.avoncompany.com)

Auto-Tires-Trucks– lead by Cummins Inc.  (www.cummins.com)

Our data incorporates five key drivers of trustworthy business behavior: Financial stability/strength; Accounting conservativeness: Corporate integrity; Transparency and Sustainability. We call this FACTS (tm).

One of the goals of Trust Across America is for the top trustworthy companies to start sharing best practices with their peers.

Do you have any questions or comments? Email me at barbara@trustacrossamerica.com

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Dec
22

Today, Trust Across America™ (TAA) (www.trustacrossamerica.com)  announced the results of their audit of almost 3000 public companies and named Hess (www.hess.com ) as the Most Trustworthy Public Company for 2010. Barbara Kimmel, Co-founder of Trust Across America states that “While no company received a perfect score, Hess came out on top.”

The audit incorporates over 500 data points with respect to five key corporate indicators of trustworthy business behavior: Financial stability and strength, Accounting conservativeness, Corporate integrity, Transparency, and Sustainability, aptly called FACTS™.

The model was developed in collaboration with two Harvard MBA’s and a leading PhD quantitative analyst. The audit process, which took almost two years to complete, is “the most holistic and comprehensive trust “health” checkup for public companies,” according to its founders.

A statement on the Hess website indicates that the company has “six core values that represent its collective conscience and embed them in their organization: Integrity, People, Performance, Value Creation, Social Responsibility and Independent Spirit. Their business is “built on long standing relationships founded on trust.”

The companies  that ranked among the “Top Ten” embed trustworthy business behavior in their corporate culture. They are listed below in alphabetical order. 

Albemarle www.albemarle.com

Best Buy www.bby.com

Cummins www.cummins.com

Eastman Chemical www.eastman.com

Hess www.hess.com

Lexmark www.lexmark.com

Lubrizol www.lubrizol.com

Sonoco Products www.sonoco.com

Texas Instruments www.ti.com

USANA www.usana.com

Trust Across America™ (TAA) is a program of Next Decade, Inc., an award-winning firm that has been unraveling and simplifying complex subjects for over 20 years. TAA provides a framework for public companies to improve trustworthy business practices, as well as media opportunities to highlight companies that are exhibiting high levels of trust and integrity.

Contact: For more information contact Barbara Kimmel, Executive Director, Trust Across America barbara@trustacrossamerica.com  or simply hit reply.

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