Rebuilding Public Trust

Rebuilding Public Trust

• For any system to work, it must address three fundamental issues.
• First, provide incentives for people to do the right thing.
• Second, provide transparency to help assure that people do the right thing.
• Finally, have effective accountability mechanisms if people don’t do the right thing.

• Restoring public trust will require that every participant in the corporate reporting supply chain embrace and live by the following core concepts*

  • A spirit of transparency—stop playing games with financial and performance data. Use full disclosure.
  • A culture of accountability—management, staff, boards, auditors, and stakeholders. High quality, unbiased information to support decision-making.
  • People of integrity—commitment to individual integrity.