Trust Digest 79 (January 15, 2015)


Leadership for Sustainability: It's About Boards
Multinational corporations that are leading the way in solving global challenges show us how essential it is for the board of directors to be engaged in the sustainability agenda; to partner effectively with NGOs, governments and other companies; and to engage thoughtfully with stakeholders. These companies are benefiting by growing their value, mitigating risks and reducing costs. Drivers for companies to address social, economic and environmental issues are investors, consumers and employees.
Key Words: Governance, Boards, Nonprofits
Trust Issues: Sustainability, Capability


Where Boards Fall Short
Boards aren’t working. It’s been more than a decade since the first wave of post-Enron regulatory reforms, and despite a host of guidelines from independent watchdogs such as the International Corporate Governance Network, most boards aren’t delivering on their core mission: providing strong oversight and strategic support for management’s efforts to create long-term value. This isn’t just our opinion. Directors also believe boards are falling short, our research suggests.
Key Words: Governance, Boards, Leadership
Trust Issues: Capability, Responsibility


Warning Signs Overlooked in Hiring for New York City Jails
A recent applicant for a job as a correction officer at New York City jails had several friends who were gang members. Another had been arrested four times and had been fired from a job as a security guard for stealing from the business he was supposedly guarding. Another was found psychologically unfit to be a correction officer but was hired anyway. On her personnel file it was written that she was a “family friend of Norman Seabrook,” the powerful leader of the union for city correction officers.
Key Words: NYC, Corrections Department
Trust Issues: Capability, Accountability, Alignment of Interests


The Workplace Communication Gap that No One is Talking About
The San Francisco-based Slack has quickly become the darling of the tech industry. In just over a year, the company has amassed $180 million in venture capital funding from a handful of Sand Hill Road titans including participation by Andreessen Horowitz, Kleiner Perkins Caufield & Byers, Google Ventures and Accel Partners. Valued at $1.12 billion, in nine months, Slack became one of the fastest start-ups to reach the $1 billion club joining companies like YouTube, Groupon and Yammer.
Key Words: Technology, Communication Tools, Management
Trust Issues: Communication, Transparency


Ahead of Poll, Few Nigerians Trust in Elections
As Nigerians prepare to head to the polls in February for the fifth time since their country returned to civilian rule in 1999, only 13% express confidence in the honesty of elections. Nigerians who don't approve of the country's leadership are even more skeptical, with 8% confident in the fairness of elections.
Key Words: Nigeria, Electoral Process
Trust Issues: Integrity, Transparency, Capability


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