We’re delighted to share (with permission) the recent article By Jene’ Palmer CA(SA) GCB.D (CGF Research Institute: Director) entitled ‘Trust is Tanking’.
The article deals with the rapid decline in employee and consumer trust and why the demand for transparency and accountability is rising.
Some points covered in the article include:
Trust and Leadership: The document emphasises the fragility of trust and the critical role of strong, ethical leadership in maintaining it amidst global instability and economic pressures.
Geopolitical and Economic Instability: It discusses how rising global conflicts, trade wars, and political polarisation are destabilising business confidence and making operations unpredictable.
Ethics vs. Profit: The document highlights the tension between prioritising immediate profitability and maintaining ethical standards, noting the negative impact of short-termism on sustainability and trust.
Governance and Accountability: It stresses the importance of good governance, transparency, and accountability in building and maintaining trust, and the detrimental effects of declining governance standards.
Stakeholder Engagement: The need for deliberate and authentic stakeholder engagement is underscored as a means to rebuild trust and ensure long-term value creation.
Leadership Imperative: The document calls for leaders to lead with conviction, embrace ethical decision-making, and involve stakeholders in decision-making processes to foster trust and resilience.
Download the full document:
Link to download or for more information, visit: