When it comes to discipline, many parents have taken a large step backwards, and technology is to blame. In this day and age of smart phone journalism, YouTube, Twitter and Facebook shares, parents have become wary and hesitant of punishing their children in case their actions at any moment are recorded and uploaded to a willing audience in a matter of seconds.
Trust at the board level is necessary at three intersection points: board and CEO, board member to board member, and CEO to C-suite. Why does trust matter? Think about the transactional costs of a low-trust relationship. In low trust relationships, suspicion abounds and parties feel compelled to paper every decision and every discussion. What can boards and executives do about this? Here is some advice.
Any value, even one as dear to us as democracy, still demands scrutiny. It must be remembered that this principle has functioned so well within Western democracies because other standards co-existed with this principle to ensure that the value of democracy would not be hijacked to serve another cause.