What are the rules? Did people break the rules, bend the rules, or ignore the rules?
Confidence in Wall Street went down the drain last week. The credit crisis gave business a bad name, and it gave government a bad name for not doing anything about it. Trust disappeared. It’s time to rebuild trust in business and government. Here are ten rules for restoring trust in business and government. These rules apply to everything from the global financial system, to Wall Street; from federal governments to local jurisdictions; from global corporations, to organizations and small businesses. Companies that learn to define transparent rules that are sensible, consistent, easy to understand, and easy to follow will be easy trust. On the other hand, companies that rely on opaque rules that are complicated, confusing, illogical, inconsistent, or deceptive will be hard to trust. They will go out of business. Rule 10 – Have guiding principles. Act on principles, independent of influence by greed or friends. Rule 9 – Follow policies and guidelines about what is permissible and what wi
