In the Deloitte Global Boardroom Program’s latest Frontier survey, both board members and executives agree trust is important and think it’s their responsibility. But few include stakeholder trust-building in their corporate governance strategy. What’s stopping them?
Trust is at the core of all great human relationships. For businesses, earning and protecting stakeholder trust is fundamental to ongoing viability and success, not just in terms of reputation, but as an important driver of financial performance.
To better understand how companies—and boards, in particular—are addressing trust as a critical agenda item, the Deloitte Global Boardroom Program surveyed 177 directors and C-suite executives across 30 countries (see Methodology). We also spoke with business and academic leaders and subject matter specialists to get their insights on what is being done in boardrooms around the world, where the obstacles lie, and where boards could do more to help build and nurture stakeholder trust.
If you would like to read more about how boards are nuturing and measuring stakeholder trust please click here.