{"id":2861,"date":"2015-07-08T07:49:06","date_gmt":"2015-07-08T11:49:06","guid":{"rendered":"http:\/\/www.trustacrossamerica.com\/blog\/?p=2861"},"modified":"2015-07-08T07:49:06","modified_gmt":"2015-07-08T11:49:06","slug":"trust-going-beyond-compliance-ethics","status":"publish","type":"post","link":"https:\/\/www.trustacrossamerica.com\/blog\/?p=2861","title":{"rendered":"Trust: Going Beyond Compliance & Ethics"},"content":{"rendered":"

\"TAA_R2_EDIT-CS3\"<\/a><\/p>\n

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What happens when a group of openminded trust, ethics and compliance experts meet for lunch to discuss the intersection of the three disciplines?<\/p>\n

One of the tasks at hand was to\u00a0create a visual representation of the functional interaction between compliance, ethics and trust in an organization.<\/p>\n

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\"CET3\"<\/a><\/p>\n

Copyright (c) 2015, Next Decade, Inc.<\/p>\n

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What does this mean?<\/p>\n

Compliance:<\/strong> While organizations require compliance as a minimum “rule setting\/obeying standard,” compliance does not necessarily have an ethics OR a trust mandate. Compliance is merely the starting point, not the end. In fact, it can be trust’s worst enemy when it is assumed that compliance encompasses\u00a0trust and ethics.\u00a0Compliance is\u00a0regulated\u00a0while ethics and trust\u00a0are voluntary. In most companies, this distinction is not made and the C&E Officer is usually an attorney who simply enforces the “laws.” He or she may have no understanding of ethics, let alone trust.<\/p>\n

Ethics:\u00a0<\/strong>The “character” component of trust is ethics, and unlike compliance, it is a personal choice. It’s the individual and organizational value system that must be debated, decided and set\u00a0in place by the Board of Directors, not the CEO. \u00a0A Chief Ethics Officer, not a C&E Officer, is the distiller of these values. He or she need not be an attorney. So what role does trust play?\u00a0Unfortunately,\u00a0both individuals and organizations can\u00a0be “ethical” without being trustworthy because there are two more attributes that\u00a0must be present for trust to flourish.<\/p>\n

Trust:<\/strong> In order for an individual or organization to be trustworthy it must, at a minimum exhibit not only character (ethics) but competence and consistency in all internal and external relationships.\u00a0“High trust” companies understand the\u00a0distinction between compliance, ethics and trust. Going beyond compliance and ethics by adding the trust component results in:<\/p>\n