Trust Digest 11 (July 6, 2013)

10 Lessons For Entrepreneurs on Building Trust
One of the first harsh realities that every entrepreneur has to learn is that most of the things that are critical to startup success are outside of their direct control. Trust is the most powerful tool that an entrepreneur can wield, both inside and outside of his own realm of control.
Key Words: Personal Brand, Promise Keeping, Commitment
Trust Issues: Communication, Accountability, Responsibility

Investment industry groups scuffle over ethics, costs
Wall Street's brokerages would spend an average of $8 million each to implement a plan being considered by the U.S. Securities and Exchange Commission to impose higher ethical standards on brokers who give financial advice, according to estimates by the securities industry's largest trade group.
Key Words: Fiduciary Standards, SIFMA (The Securities Industry And Financial Markets Association)
Trust Issues: Ethics, Integrity

National Intelligence Director Apologizes for Lying to Congress
The director of National Intelligence apologized in June to the chairman of the Senate Intelligence Committee for lying during a hearing, according to a letter published on the DNI website on Tuesday.
Key Words: Lying, Metadata Collection Program, PRISM
Trust Issues: Ethics, Integrity, Accountability, Responsibility

Corruption in Africa, corruption in Canada: Different scale, same problem
The cancer of corruption is a worldwide epidemic and can threaten any country, whether developed or not. Once the cancer is entrenched in the culture of the body politic, it may well require a complete restructuring of the democratic infrastructure.
Key Words: Corruption, Scandals
Trust Issues: Integrity, Ethics

Former intelligence official calls for more transparency on secret US surveillance programs
The former director of the CIA and National Security Agency says the government should release more information about its secretive surveillance programs to reassure Americans that their privacy rights are being protected.
Key Words: Secretive Surveillance Programs, Foreign Intelligence Surveillance Court
Trust Issue: Communication

How Reputation Management Drives Small Business
Following is an interview that Pierre Zarokian, CEO of and did with the Search Engine Journal about the particular issues of Online Reputation Management (ORM) for small companies.
Key Word: Online Reputation Management (ORM)
Trust Issues: Reputation, Communication

Judge Throws Out SEC Oil-Payments Disclosure Rule
Oil companies notched a win in their bid to block a securities rule requiring the disclosure of payments to foreign governments for oil and gas development.
Key WordsDodd-Frank Financial-Disclosure Law
Trust Issue: Transparency

In Hong Kong, Business Watches Snowden Test the Law
There's a reason Hong Kong is a favorite regional hub for global companies big and small. Its efficiency and hustle are legendary, and its legal system is respected the world over.
Key Words: Regional Hub, Arbitration Center
Trust Issue: Reputation

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