Trust Across America-Trust Around the World™

Why should business leaders care about trust? This is why:

Performance of Trust Across America’s

Most Trustworthy Public Companies vs. the S&P 500 (2014-2019)

The chart above is the cumulative “Return on Trust” of America’s annual “Top 10” Most Trustworthy Public Companies over the past six years. Through its FACTS® Framework, Trust Across America has been analyzing, assembling and publicly reporting on this data for ten years.

If you are the CEO of a public company, or any company for that matter, who claims there is no Business Case for Trust, now may be the time to reconsider. Why DO business leaders require proof or ignore trust as their most valuable strategic advantage?

Leaders take trust for granted

Trust doesn’t just “happen.” It is not bestowed upon leaders by virtue of their title.  Trust is a learned competence and an intentional business strategy that must be crafted, practiced, modeled, and reinforced daily.

Leaders focus on the wrong metrics

Growing quarterly earnings, over reliance on sales quotas, focus on “old school” risk and/or “new school” ESG metrics will not satisfy the trust imperative that stakeholders are increasingly demanding. Neither will talking rather than acting on trust.

Leaders treat trust as a “soft skill”

Organizational trustworthiness is a hard currency. The proof is in the chart above.

Leaders are “trust reactive” 

Rarely do we hear proactive leadership discussions about building stakeholder trust. Instead, trust becomes a communications talking point only after a breach. This is both a missed and lost opportunity for leadership.

Leaders delegate trust

Trust is not a function of legal, compliance, HR, communications, or any other department. Boards of Directors and executive leadership teams must spearhead trust, making it central to the organization’s core values, so that all stakeholders can benefit.

Note: In 2010 Trust Across America introduced the FACTS® Framework, an EXTERNAL quantitative measurement of the corporate trustworthiness of America’s largest 2000+ US public companies. The Framework identifies companies whose leadership is going beyond doing just what is legal and compliant to choosing the right core values that satisfy all stakeholder needs. The FACTS® Framework is the most comprehensive and data driven ongoing study on the trustworthiness of public companies. We analyze companies quarterly and rank order showing trends by company, sector and market capitalization. Read more about the Framework at this link.

In 2018 Trust Across America-Trust Around the World’s Trust Alliance, a group of global trust scholars and practitioners, introduced its Trust Alliance Principles (TAP), and in 2019 our AIM Survey tool was created to guide leaders and teams in building trust INTERNALLY. It is based on universal behaviors that strengthen and weaken trust. To date, almost 150,000 global professionals have tapped into trust, and dozens of teams and organizations have used our simple survey tool to start a trust discussion.

For more information visit our website at www.trustacrossamerica.com or contact us.

Purchase our books at this link

Copyright © 2020 Next Decade, Inc.

Have you watched the news lately? I tuned in yesterday for the first time in over two months, which prompted me to write this article.

If you are currently residing in the US there is a good chance that you are choosing to get your news from either Fox or CNN, depending on your political views. From a trust perspective, does it matter at all which one you watch?

The world’s citizens are suffering not only from 2020 COVID 19 fatigue, but also from the long-term fallout of a host of never ending global trust breaches in government and business. Unfortunately for all of us, the news does not appear to be improving, at least not what’s being reported. Since panic agendas seem to matter more to the media than facts, should we believe what is being reported? In other words, can the media be trusted?

I decided to put the industry to the test using our universal TAP Principles. They have now been accessed by almost 150,000 global professionals. Why don’t you do the same to determine if you should trust the media?

Take a minute to answer “Yes” or “No” to each of these questions:

Truth– Is telling the truth more important to the media than a panic agenda or monetary gain?

Accountability– Is the media holding itself accountable and taking responsibility regardless of affiliation?

Purpose– Is the media engaging others to build shared purpose to avoid short-term wins?

Integrity– Is the media committed to accuracy in pursuit of the facts?

Notice- Is the media seeking out, listening to and reporting on diverse perspectives?

Talent– Is the media rewarding moral character?

Openness– Is the media open and ready to learn?

Transparency– Is the media rejecting hidden agendas?

Respect– Is the media respectful of each other?

Understanding– Does the media not only celebrate its successes but also report on its failures?

Safety- Does the media call out all unethical behavior and make it safe to be honest?

Tracking– Does the media scorecard their performance against their values?

What was your final “Yes” and “No” answer count?

Can you think of any news media that would score a passing grade of 60% or more?

Should we trust the media to report COVID 19 information accurately, or any news for that matter?

And before you go, substitute the word “media” for “government” and then “business” and see if your results change.

Can our trust deficit be fixed? Given the right tools it’s not difficult. Whether it’s the media, government or business, it always begins with leadership, and that remains the greatest challenge, and the biggest opportunity.

Nominations are now open for Trust Across America-Trust Around the World’s 11th annual Top Thought Leaders in Trust.

Announcement of honorees will be made in January 2021 via TRUST! Magazine.

Do you work on a team where both leaders and colleagues hide their true intentions?

The outcome of hidden agendas is distrust and inertia, as goals become guesswork and the fear of making a mistake increases.

Last week, as part of our Zoom Lunch & Learn members of our Trust Alliance convened to discuss the topic of team trust, transparency & hidden agendas. We addressed four questions during the hour:

1. How do you define the role of transparency in the context of a team? (We define it as follows: We reject hidden agendas. We are transparent wherever and whenever possible.)
2. What causes hidden agendas?
3. How can transparency be elevated within a team?
4. Why is transparency frequently cited as the main cause of low trust, even though it is not?

What did our Trust Alliance members have to say about Question #3? How can transparency be elevated within a team?

The following were some of the key take aways:

1. Both leadership and team transparency “rules” must be clear with no ambiguity.
2. Lack of rules around transparency creates a lack of respect, often leading to either acquiescence or a challenge to decision making.
3. Heightened transparency keeps team members more honest, efficient, innovative and collaborative.
4. Have a policy of openness (not to be confused with transparency.) Always share as much as you can.
5. Avoid lumping other trust busting behaviors into the transparency category. Know how to identify them and address them separately.
6. Uncomfortable conversations are okay. People are resilient and able to absorb negative news.
7. Elevating interpersonal skills like listening enhances transparency.
8. Complaints and their resolutions should be shared with employees.
9. Cowardice in some industries allows leaders to hide behind regulations as an excuse for lack of transparency.
10. Addressing transparency issues in family businesses requires a different skill set.

A final comment:

While courageous and empowered cultures have fewer transparency challenges, transparency alone won’t get a team to the trust “finish line.” In fact, transparency is only 1 of 12 behaviors that elevate trust in teams and organizations. And in the many organizations we have surveyed, transparency is not the #1 cause of low trust. To find out what is, spend 1 minute answering this question and see the results from over 500 respondents.

This post is written for my leadership, ethics and Board advisor friends on LinkedIn.

Maybe I’m naive or out of touch. What do you think of this offer?

When I was contacted last week about a position on an advisory board for a new executive education program at a well established university in NJ, the opportunity sounded promising. I would be joining leaders from organizations including Microsoft, Uber and Google, or so I was told in an introductory email. Yesterday I received more details in a phone conversation with the program manager. The call should have ended when the manager could not tell me how she received my name, but I decided to play along for a few more minutes. My one-year “seat” was contingent on two requirements:

1. A commitment to three ninety-minute on-line evening calls throughout the year, during which Board members would listen to a presentation and give feedback.
2. An agreement to complete the executive education curriculum itself (16 hours of online learning.) To clarify, I personally didn’t have to be the one to do that. Someone on my staff could be assigned the responsibility. It didn’t really matter as long as the FEE was paid. And what was that fee? For the general public, the program costs $4995 but as a Board member, the fee was discounted 80% to $980. Not only that, but anyone I signed up to complete the program would also be eligible for the same reduced rate.

I tried to stop choking on my coffee long enough to say that I would check with our Council members for some feedback. Before I had a chance to do that, and within 30 minutes, I received a followup email telling me I had been “approved” with a DocuSign term-sheet attached.

Well, I did a sanity check with one of my Council members who suggested I contact the university to discuss the ethics of their “pay to play” Board program. I may just do that. What would you do?

PS- Why the picture of the dog? I lost my buddy of 13 years on Monday. I’d like to think that the week can only get better from here. Let’s see what today brings.

“Never ruin an apology with an excuse.”  Benjamin Franklin

“Say you’re sorry.” As a child, how often did you hear those words from parents and teachers? While apologies become even more “complex” in adulthood, have you stopped to consider the role they play in trust repair?  This week, as part of our Zoom Lunch & Learn series seven members of our Trust Alliance convened to discuss the topic of apologies in a session called “I’m sorry…but.”

Our discussion extended beyond apologies at the organizational or corporate level. We reviewed interpersonal apologies as well.

The following are some of the key take aways:

• The purpose of an apology is to repair a damaged relationship, whether it is between two people or at the leadership/ corporate level, and there must be a desire to do so.
• Apologies must have a unifying quality with no “conditions” or “buts.”
• Authentic apologies must contain an acknowledgement of harm and a commitment to a behavioral change. (Example: A husband is caught cheating on his wife. The apology must go beyond, “I’m sorry for hurting you” to “I promise you I will never do it again.”)
• Apologies should not be confused with taking responsibility. (Example: Johnson & Johnson followed their credo and took responsibility after the Tylenol crisis. They did not apologize.)
• Victims need validation more than an apology.
• Apologies are words. Trust is built through actions. A plan must be announced with specifics. Simply saying we “hope to regain your trust” is worthless.
• Trust can be built only after lasting changes have been made. Remember, actions always speak louder than words.
• Ethical actions not only reduce the need for apologies, they also raise awareness of the benefits of principled behavior. Incivility, sarcasm and humiliation have no place in relationships inside or outside the office. In fact, they are breeding grounds for reducing trust and increasing the odds of a crisis.
• Consider what is happening in the relationship that creates the need for an apology. What internal changes should be made to modify the dynamic and prevent future crises? Without an internal culture of responsibility and accountability, there WILL be crises and regardless of whether or not an apology is given, there will not be a change in behavior to correct things.

A few additional thoughts the intersection of apologies and trust for leaders and organizations facing a crisis:

• While most companies have a mission or vision “statement”, quarterly reviews based on financial returns still rule the day. This creates the perfect storm for a crisis. Leaders then delegate the apology and trust repair “fix” to their corporate communications/PR team, instead of taking ownership. Wells Fargo is the poster child for this approach which fails every time.
• Most business leaders are unaware of the independent variables or behaviors that create trust. If they don’t defer to PR, they defer to “legal” who are trained in risk, not trust.
• Spontaneous conversations about reputation rarely occur until reputation is in the ditch. Reputation management, like crisis management, like employee engagement are really PR terms rather than management terms. That’s why they’re not seriously a part of management’s vocabulary. Trust is a management word. Integrity is a management word. Civility and decency aren’t really management words.
• One of my favorite questions in these circumstances is,” what would your mother’s say if they were in the room right now, after they slapped you in the head and told you that you were not the kid they raised.”
• An attack on trust/a crisis means that the organization performed below expectations of at least one of its stakeholders. An organization can have a crisis with one stakeholder that does not impact others. For example, HP had a governance issue that caused it to apologize to investors with plans for how it would be avoided in the future, but it did not register with customers.

Two significant news headlines recently caught my attention:

Why 2020 Will See the Birth of the Trust Economy (World Economic Forum)

Covid-19 Vaccine Push Lacks a Key Ingredient: Trust (Bloomberg) (links below)

Missing from both articles is a 1) A concise definition of trust and 2) a comprehensive solution.

We define trust as the OUTCOME of principled behavior.

Trust is:

• Always built from the inside out by ethical leaders.
• It cannot be delegated.
• It should not be the subject of a PR or marketing campaign.
• It cannot be measured through external surveys (that is perception of trust)
• It is not “one size fits all.”

Our global Trust Alliance comprised of business leaders, departmental managers, consultants and scholars worked collaboratively for over a year (2017-18) to identify the primary behaviors driving trust in teams and organizations. These 12 behaviors are our Trust Alliance Principles (TAP) and they have now been accessed, at no cost, over 140,000 times in *16 languages. The weakest behaviors break trust. Administering our AIM Assessment has shown that from team to team and organization to organization, these weak behaviors vary. In other words, elevating trust is not “one size fits all.”

AIM (an acronym for Acknowledge, Identify, Mend) uses the TAP behaviors to identify those that are breaking trust in order to have a starting place to begin a discussion on how to fix them. (We also provide resources to help our clients quickly resolve the primary weaknesses.)

Leaders and managers who acknowledge that trust is critical to organizational success and choose to elevate it to avoid the next expensive crisis, can do so in 3 steps with an inexpensive plan:

1. Identify what you believe may need fixing by starting with the checklist below.
2. Take our 1 minute master survey “Building Trust One Principle at a Time” to determine how your answers compare with over 500 respondents.
3. Administer our AIM Survey to your team and start a trust discussion by holding a workshop.

Barbara Brooks Kimmel is the founder of Trust Across America-Trust Around the World, whose mission is to help organizations build trust. Now in its 12th year, the program has developed two proprietary trust-evaluation tools, the latest is AIM Towards Trust. She also runs the world largest global Trust Alliance and is the editor of the award-winning TRUST INC. book series. Kimmel is a former consultant to McKinsey who has worked across multiple industries and with senior leadership. She holds a bachelor’s in international affairs from Lafayette College and an MBA from Baruch.

Copyright © 2020, Next Decade, Inc.

Articles cited:

www.weforum.org/agenda/2020/08/2020-birth-of-the-trust-economy/

www.bloomberg.com/opinion/articles/2020-08-17/warp-speed-s-covid-19-vaccine-push-lacks-a-key-ingredient-trust

*Download our principles as a PDF:   English, Arabic, Chinese, Dutch, Finnish, French, German, Hebrew, Hindi, Italian, Japanese, Portuguese (Brazilian), Romanian, Russian, Spanish, and Swedish

“Trust has to be earned, and should come only after the passage of time.”– Arthur Ashe

Performing a quick review of recent news headlines on trust repair and restoration returns the following results:

Restore Trust in Science

Pittsburgh Diocese to do More to Restore Trust

Can a Blockchain Timestamp Help Rebuild Trust

Fair and Unbiased Reporting Will Restore Trust in Media

Mayor Peter Gets Hired by Notre Dame to Restore Trust in Politics

Zuckerberg Has a Lot of Work To do To Restore Public Trust in Facebook

These headlines might lead the average reader to believe that, at one point, the referenced societal institutions had built trust and have now lost it. For others including me, they are a naive attention grabbing media tool, serving no purpose and misleading most readers. It’s simply not possible to rebuild or restore something that was ignored during the organizational construction phase.

Building trust should never be used as a crisis response or news headline following a reputation hit.

Trust doesn’t work that way. It is always proactive, intentional and deliberate and trust is built:

• Through ethical and principled behavior modeled by leadership
• From the inside out
• Over time
• In incremental steps

A strong foundation of trust supports an even stronger “trust bank account” and ensures that reputation hits will be minimized and repair will be easy and inexpensive. It also brings many collateral benefits including:

• Elevated employee engagement and retention
• Reduced workplace stress
• Improved stakeholder relationships
• More innovation
• Better accountability, transparency and communication
• Reduced costs and elevated profits

Unfortunately the current global crisis has revealed the level to which most leaders across all societal institutions from science to business, have ignored the organizational risks that their low trust environments have created. Many are now faced with the monumental task of climbing their way out of the “trust repair trap.”  While it’s never too late to start building trust, it must begin with leadership acknowledgement that the crisis response strategy to trust does not work. It never did.

Those interested in proactively elevating trust can choose to:

1. Join our global Trust Alliance
2. Tap into Trust and join almost 150,000 global professionals who have already done so
3. Use our AIM assessment tools to start a trust discussion
4. Host a virtual trust building workshop
5. Or drop a note to Barbara@trustacrossamerica.com

Barbara Brooks Kimmel is the founder of Trust Across America-Trust Around the World, whose mission is to help organizations build trust. Now in its 12th year, the program has developed two proprietary trust-evaluation tools, the latest is AIM Towards Trust. She also runs the world largest global Trust Alliance and is the editor of the award-winning TRUST INC. book series. Kimmel is a former consultant to McKinsey who has worked across multiple industries and with senior leadership. She holds a bachelor’s in international affairs from Lafayette College and an MBA from Baruch.

Copyright © 2020, Next Decade, Inc.

Having studied and observed trust building and trust busting behavior for over ten years, what’s crystal clear is that when people trust you, their confidence in you will increase, and they will be more inclined to do business with you.

LinkedIn claims to have more than 700 million users in 200 countries, and the platform can be a very powerful business tool, IF your goal is to build trust with your connections. The following are ten tips on how to do this.

1. Begin with a clearly defined “ethics based” LinkedIn strategy, with the focus being your connections not you.
2. Communicate authentically. Your values, beliefs and principles must align with your actions.
3. Become the “go to” person in your area of expertise by publishing well-written original thought leadership pieces rather than announcing your next podcast or speaking engagement.
4. Every post should represent added value to your readers or be solutions based.
5. Share relevant, high quality content, even if it is from a competitor. Shine a spotlight on valuable material, regardless of who wrote it.
6. Remain humble. Don’t tell your audience how “honored” or “humbled” you are while promoting your upcoming gig or your most recent award. That’s just insincere self-interest.
7. Before publishing your next post answer this question: “Who cares (other than you and your mother)?”
8. Engage your audience by asking them for input and feedback, and be sure to acknowledge every response.
9. In this age of rapidly evolving social “activism” pick your photo captions carefully. For example, does your photo show a room full of men with no female presence? Does it just show you?
10. You are the company you keep. Make sure the posts you are “liking” reflect positively on your values. (And instead of simply “liking” a post, leave a thoughtful comment.)

And now for a few surefire ways to bust trust really fast…

1. Connecting with the sole purpose of selling something to your “prospect”
2. Pretending in your initial connection request that you have something (undefined) in common.
3. Immediately upon connecting, filling the recipient’s inbox with all sorts of “stuff” about how great you are.
4. Having a profile that screams “amateur”: Words and phrases like guru, influencer, disruptor, rebel, world-renowned, life coach, Lion, Forbes and Inc. contributor… and best-selling author.
5. Same goes for credentials- fake PhD’s and questionable experience are easy to spot and even easier to verify.
6. Being a bragger about your latest upcoming “gig” and then having all your friends say “Congrats!”
7. Ignoring comments, or better yet, deleting them if you disagree or think they might take the attention away from you.
8. Trolling LinkedIn and inciting controversy.
9. Showing zero interest in getting to know your new connections, even when they message you.
10. Adding your LI connections to your mailing list without permission.

Having been an active LinkedIn member for many years, the balance is shifting away from thought leadership towards billboard advertising. If this is accurate, LinkedIn will surely (and quickly) lose its stature as a valuable business tool. In fact, I’ve spent the past several months deleting hundreds of self-promoting LinkedIn connections.

In summary, if the focus is simply “You,” maybe it’s time to rethink your LinkedIn strategy. Start by making “trust building” your core focus.

What other suggestions do you have for building trust on LinkedIn? Leave your comments.

Barbara Brooks Kimmel is the founder of Trust Across America-Trust Around the World, whose mission is to help organizations build trust. Now in its 12th year, the program has developed two proprietary trust-evaluation tools, the latest is AIM Towards Trust. She also runs the world largest global Trust Alliance and is the editor of the award-winning TRUST INC. book series. Kimmel is a former consultant to McKinsey who has worked across multiple industries and with senior leadership. She holds a bachelor’s in international affairs from Lafayette College and an MBA from Baruch.

Copyright 2020 Next Decade, Inc.

PS- Don’t forget to TAP into Trust!

For more information contact barbara@trustacrossamerica.com

Our 7th Trust Alliance Lunch & Learn was held on July 23rd when we convened nine members to discuss trust and trustworthiness. This one-page presentation summarizes our findings, providing both Essential Steps and Additional Considerations for those interested in further exploring the role trust plays in organizational success.

Join the Alliance to participate in our next event on August 6th at noon.