10Minutes on trust and transparency

May 2010
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Trust and transparency

At a glance

What actions are companies taking to restore, sustain or enhance trust in business? We take a closer look at this and identify some potential benefits of those actions, like better risk management, operational innovations and sources of companies' next competitive advantage.

Transparency can help firms keep pace with regulators and rivals; more so if their disclosures are reliable. The May 2010 10Minutes says internal reviews, third-party assurance and clarity in areas like supply chain management, data integrity, sustainability and climate change can help firms:

  • Enhance company credibility
  • Monitor supply chains for weakness
  • Gain insight into competitive practices

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