They are under investigation for worker exploitation in Italy.
Four Questions to inspire decision-makers to build personal and company trust:
Map, Execute, Measure, and Optimize—The Framework for Trust and Governance.
Did they take calculated, well-informed risks with their Trust Pillars*?
02.Execute:
Was this a supply chain failure, or a lack of governance accountability across departments?
03.Measure:
Are they assessing stakeholder trust and the investigation's impact beyond current sales?
04.Optimize:
How will they organize and optimize efforts to rebuild trust and prevent future risks?
Trust is the currency of sustainable business—lose it, and the cost is more than financial. Companies must continuously protect and reinforce trust at all levels.
Benchmarks: Nike’s labor reforms; watch The True Cost documentary; attend the Ethical Sourcing Summit for governance strategies in fashion.
*Trust Pillars are the core values and strategies that align your company’s objectives with stakeholder expectations, ensuring transparency and accountability.
What’s your governance structure doing to avoid such risks? Are you truly measuring and protecting your Trust Pillars?
Don’t miss out—subscribe to Get the M.E.M.O. and receive insightful governance strategies every Tuesday straight to your inbox.
Visit www.guiathia.com for more on trust and governance.
Mentoring | Enterprise | Public Speeches
Commentaires