Trust Across America-Trust Around the World™

Organizational Trust this Week is a new feature beginning with the “Good” and ending with the “Ugly.” Each story contains a trust component and at least one lesson for organizations seeking to make trust a business imperative.

THE GOOD

Industry is NOT destiny, even in financial services. Our new magazine TRUST! tells the stories of the “good guys” who have built trust into the DNA of their organizations.

This article gets right to the heart of trust as a business imperative. Trust: The Must Have for the 21^st Century Leader

Five Ways Elite Teams Must be Lead (including trust & loyalty)

Five Powerful Habits of Extraordinary Leaders (a trusting workplace is key)

THE BAD

The word “expert” has always intrigued me. After all, what is an expert? Why Don’t Americans Trust Experts?

Splitting the Roles of Chairman & CEO are good for companies (and good for trust) so why the resistance?

THE UGLY

Academic fraud is a tough “trust nut” to swallow. Negligence or Worse?

OUR MOST POPULAR POST THIS WEEK

And finally, Trust Across America-Trust Around the World’s most popular post on LinkedIn Pulse this week. One CEOs Advice About Trust

Send us your stories for consideration in future editions of Organizational Trust this Week: 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 and the Executive Editor of TRUST! Magazine. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

Nominations are now being accepted for Trust Across America-Trust Around the World’s 5th annual Global Top Thought Leaders in Trustworthy Business.

                                                                                               Coming Soon!

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

Copyright © 2014, Next Decade, Inc.

“Destiny is not a matter of chance, but of choice.

Not something to wish for, but to attain.”

— William Jennings Bryan

Since the financial crisis of 2008 the media’s fixation on the “rotten apples” in the industry has been unrelenting. Under the theory that “bad news sells” the public is reminded daily and left with diminishing expectations for a return to a more trustworthy financial services environment.

But what if I told you there is a silver lining? Contrary to popular belief, when it comes to trust, industry is NEVER destiny.

In the inaugural edition of TRUST! Magazine, we bring together global experts to help us explore companies and leaders who have chosen a different path. These are NOT the stories we hear about in the news, but they are the ones that SHOULD be reported. We have chosen to provide the public with the “other side” of this coin, not just corporate window dressing “best practices,” but actually, the “real deal.”

Trust has been built into the corporate DNA at these financial institutions. It is at the heart of how business is done, and it is practiced and reinforced daily. When we started Trust Across America-Trust Around the World in 2009, our mission was to highlight the “good guys” and showcase their best practices in an unbiased and impartial manner.  Consistent with our approach over the past five years, our readers will not find a single advertisement in this 50+ page magazine. We have elected instead to charge a small fee to cover our costs.

We hope you find value in the Magazine and choose to share it with others. Together we can push this enormous trust boulder up the hill.

ACCESS THE TABLE OF CONTENTS AND LEARN MORE

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, and Executive Editor of TRUST! Magazine. In 2012 Barbara was named “One of 25 Women Changing the World” by Good Business International.

Nominations are now being accepted for Trust Across America-Trust Around the World’s 5th annual Global Top Thought Leaders in Trustworthy Business.

Followers who tell the truth, and leaders who listen to it, are an unbeatable combination  — Warren Bennis

Last week Jack Haren, the President and CFO of Mohawk Fine Papers, Inc. delivered a short speech at the CFO of the Year Luncheon in Troy, NY. Mohawk is North America’s largest privately owned (4th generation) manufacturer of fine papers, envelopes and specialty substrates for commercial and digital printing. Jack chose the subject of trust and was kind enough to allow me to reprint his speech.

I have selected the question: What advice would you give someone going into leadership position for the first time? 

Putting aside the obvious ingredients of diligence and hard work, the INSIGHT that I would share is that long term career success is powered by the ability to generate TRUST.

Merriam- Webster dictionary defines trust as the assured reliance on the character, ability and strength of someone or something.

——————————————————————————————–

As a mentor, I would remind them that Trust cannot be purchased. It doesn’t come with a college degree, your family name or your zip code.

It can only be earned.

It comes forth from the values you exhibit…the way you interact with peers, subordinates and superiors.    

It comes when you demonstrate that the MEANS that you employ to accomplish an end have as much to say about your success as the final result.

 ——————————————————————————————–

I would remind them that Trust is fueled by consistency, fairness and openness.

It is strengthened by adversity.

It is built up over a series of experiences, a series of projects, a period of years.

——————————————————————————————–

Finally, it is a quality that will draw others to you.  It is an essential of  leadership.

BUT a caution…it is very fragile… so handle it with great care.

Thank you Jack. Your commitment to trust is reflected in the ongoing success of your company.

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.

Nominations are now being accepted for Trust Across America-Trust Around the World’s 5th annual Global Top Thought Leaders in Trustworthy Business.

                                                                                               Coming Soon!

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

Copyright © 2014, Next Decade, Inc.

Culture does not change because we desire to change it. Culture changes when the organization is transformed – the culture reflects the realities of the people working together every day – Frances Hesselbein

Bob Whipple of LeaderGrow and a member of our Trust Alliance, was kind enough to contribute today’s guest blog post. He tackles the question of how trust is impacted when organizations make major changes.

When organizations make major changes, such as reorganizations, mergers, or acquisitions, the trust that was in the  groups prior to the action is often lost quickly. This happens for a variety of reasons, as I have documented in my book Trust in Transition: Navigating Organizational Change (ASTD Press, 2014)

The success of the entire change process depends on trust—the trust level before integration and the trust maintained during the process. It matters a lot on the conditions going into the action. There are three possible situations as follows:

1. There is high trust within both groups to begin with. This is the best condition because it allows for people to weather the shock of the change, having some faith that things can work out in the end.
2. One group has high trust, but in the other one the culture has been damaged by prior leadership behaviors. The entity with higher trust will usually do better in the negotiation because there is more free flow of information and fewer problems to hide.
3. When both groups have low trust, it becomes extremely difficult to make progress because there is work to be done around all the interpersonal issues at every juncture. If a group has low trust in their own organization before a merger, then there is little hope that they will have more trust in the other group. It becomes a real mess to unscramble.

As the integration unfolds, the level of trust going in to a major change has a lot to do with how successful it will be.  Make sure that you test the level of trust and keep it strong throughout the process for the best result.

Bob Whipple, MBA, CPLP, is a consultant, trainer, speaker, and author in the areas of leadership and trust.  He is the author of: Trust in Transition: Navigating Organizational Change, The Trust Factor: Advanced Leadership for Professionals, Understanding E-Body Language: Building Trust Online, and Leading with Trust is Like Sailing Downwind.  Bob has many years as a senior executive with a Fortune 500 Company and with non-profit organizations.

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.

Nominations are now being accepted for Trust Across America-Trust Around the World’s 5th annual Global Top Thought Leaders in Trustworthy Business.

                                                                                               Coming Soon!

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

Copyright © 2014, Next Decade, Inc.

Many a witty inspiration is like the surprising reunion of befriended thoughts after a long separation. Karl Wilhelm Friedrich Schlegel  

Last night I attended my high school reunion. It was a ton of fun seeing old friends, telling stories, and most important, sharing lots of laughs.

The surprise came from the impromptu and unsolicited conversations about trust. Unbeknownst to me, many old friends are following my blog, and they wanted to talk about it. Here’s just a few of the questions that were posed.

My company was acquired and after 16 years on the job my vacation was cut from 3 weeks to 1 week. What do you think about that?

My boss decided we no longer need to travel to see clients to build relationships.  What do you think about that?

The new generation of hires has different corporate culture expectations than we did. What do you think about that?

I work in financial services. My old clients trust me but getting new clients is a real challenge? Any thoughts?

The questions were as varied as the subject of trust itself. Nevertheless, people want to talk about it.

If you are reading this, it’s probably because you recognize the importance of trust in all relationships. So why not talk to your boss, your clients, the new hire, or your customers about the role of trust in business success? Keep the trust dialogue going. That’s the way to effect positive change.

Thank you Sally, Danny, Rand, Ken, Marion, Cindy Paul, Steve and all my friends who spent some time “talking trust” last night. Keep your questions coming and open the dialogue with others.

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.

Nominations are now being accepted for Trust Across America-Trust Around the World’s 5th annual Global Top Thought Leaders in Trustworthy Business.

                                                                                               Coming Soon!

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

Copyright © 2014, Next Decade, Inc.

Without trust people give up on relationships and leave organizations. Ken Blanchard

(from Trust Across America’s Weekly Reflections on Trust 2014)

Last week we added a new blog feature called Organizational Trust this Week, beginning with the “Good” and ending with the “Ugly.” Each story contains a trust component and at least one lesson for organizations seeking to make trust a business imperative.

THE GOOD

Under new leadership, SAC Capital (now Point 72 Asset Management) will “Reward What Matters”

What happens when the word “integrity” is omitted from the mission statement?

This boss lists “being direct” as a key to good leadership.

THE BAD

Are the actions of the new Walmart CEO trust-builders or trust-busters?

The food retailer who took one step forward and two steps back in building trust.

Are Boards moving in a “trustworthy leadership” direction in their selection of CEOs?

THE UGLY

Dear CDC, You can’t win back something that never existed.

OUR MOST POPULAR POST THIS WEEK

And finally, Trust Across America-Trust Around the World’s most popular post on LinkedIn Pulse this week. The Trust Crisis is a Preventable Disease.

Send us your stories for consideration in future editions of Organizational Trust this Week. 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.

Nominations are now being accepted for Trust Across America-Trust Around the World’s 5th annual Global Top Thought Leaders in Trustworthy Business.

                                                                                               Coming Soon!

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

Copyright © 2014, Next Decade, Inc.

I don’t care what you think unless it is about me. Kurt Cobain  

The baggage we carry over from childhood impacts the odds of being trustworthy team members or leaders as adults.

Who can recall the elementary school classmates who insisted on being:

• First in line
• First to raise their hand (that was me)
• First at bat
• First piece of cake
• First to be picked for the team
• Last to share

Baby Boomers, those of us born between 1946 and 1964 are known as the “Me” generation, narcissism being our most prominent feature.

Many of us have carried our “Me first” perspective into adulthood, but unfortunately, this narcissistic, ego-driven attitude does not go very far in building trust. In fact, according to this study, narcissistic CEO’s do not make good leaders.

As I’ve said in previous blog posts, what many are calling a “crisis of trust,” I see as a crisis of leadership. If organizational trust is the goal, the “We first” leader must assume the helm from his “Me first” colleague.

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.

Nominations are now being accepted for Trust Across America-Trust Around the World’s 5th annual Global Top Thought Leaders in Trustworthy Business.

                                                                                               Coming Soon!

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

Copyright © 2014, Next Decade, Inc.

Trust is the essence of leadership  — Colin Powell

Let’s face it, being a trustworthy leader and leading a trustworthy organization are not rocket science. The biggest problem with trust is that it is not “regulated” and therefore, most leaders don’t think about it. Trust is taken for granted. Imagine if CEO compensation was tied to an annual trust audit!

The second biggest problem is an outcome of the first. When trust is not practiced proactively or when a leader hasn’t “banked” trust, he or she spends a good deal of time putting out fires and reacting to crises. There is no time to build trust into the organizational DNA.

Regardless of the size or type of organization you lead, choosing trust as a business imperative means the strategy starts with you. Begin today by following these simple suggestions:

• Be honest: Once you tell a lie, nobody will believe anything you say.
• Be selfless: Put others before yourself- ask how you can help and mean it.
• Be humble: Park your ego at the door.
• Be inclusive: Celebrate and share the successes of others.
• Be accountable: Always keep your word.
• Be appreciative:  Never forget the “Thank you.”
• Be apologetic: Admit your mistakes.
• Be competent:  It’s okay to say “I don’t know.”
• Be consistent: Always lead the same way.
• Be patient: Take time to teach.
• Be persistent: Build trust into the daily agenda.
• Be open-minded: Sometimes change is good.
• Be positive: People like being around others who are.
• Be curious: Learn from others.
• Be risk tolerant: Innovation will flourish when people are allowed to make mistakes.
• Be transparent: Let others know what you are thinking.
• Be authentic: Don’t be a phony.
• Be an enabler: Allow people to make independent decisions.
• Be human: Share personal stories with your team.
• Be fun: And finally, don’t forget to laugh at your own mistakes and enjoy the journey with your team.

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.

Nominations are now being accepted for Trust Across America-Trust Around the World’s 5th annual Global Top Thought Leaders in Trustworthy Business.

                                                                                               Coming Soon!

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

Copyright © 2014, Next Decade, Inc.

The ethical person should do more than he is required to do and less than he is allowed to do.  Michael Josephson

In a blog post last week I asked the question, “Where Does CSR End & Moral Responsibility Begin?” Several folks weighed in on the role of the corporation in society. The consensus was that genuine CSR is more than just a program. It is a way of doing business that embraces moral responsibility.

Today, I’d like to ask another tough question. “Where Does Compliance End & Trust and Ethics Begin?”

Doug Cornelius over at Compliance Building used the recent NFL crisis to answer the question above in this excellent article.

The answer is rather “black and white” yet in speaking about trust with corporate executives, I often hear this statement. “We are not breaking any laws, therefore we are trustworthy.”

Here’s the most simple way to differentiate compliance and trust. Compliance is mandatory while trust is voluntary. Compliance sets minimum acceptable standards while trust and ethics are what differentiate an organization from its competitors.

While it’s true that trust can’t be regulated, merely be “compliant” will not place an organization at the front of the pack. The legal team cannot assist leadership in building trust, only in staying on the “right” side of the law. An organizational trust imperative first requires an acceptance that compliance is not enough, that trust and ethics must be embraced as a business imperative. The rest is easy.

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.

Nominations are now being accepted for Trust Across America-Trust Around the World’s 5th annual Global Top Thought Leaders in Trustworthy Business.

                                                                                               Coming Soon!

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

Copyright © 2014, Next Decade, Inc.