On last week’s radio show Derrick and I took up what some may think is a terribly dry topic, and poked sharp objects at it with some social media questions.
There seems to be a insatiable appetite for measurement and tools that add more transparency to how companies perform. Everyone wails about the lack of transparency, and the erosion of trust. There has been talk for ages about how CEO’s need to become “see-through CEO’s.” But what about see-through financial reporting? The topic that’s been around for awhile, including more recent moves by the Securities and Exchange Commission, which has embraced social media. (It’s called Regulation FD.)
Our guest was Michael Muyot, who created a sustainability index for NASDAQ, and he naturally had a lot to say about how much more transparent financial reporting could be. But as we talked about the rush toward transparency –or the lack thereof — the conversation quickly turned to trust. And why not?
Trust and transparency are two sides of the same coin. He noted that (and I paraphrase what he said for brevity)
“From a political, business and investment level, the need of the hour is trust. The regular American worker has completely lost trust in everything….”
He spoke of KPI’s – Key Performance Indicators — and how social media can point to KPIs with laser-like focus. Listen to a short clip from that conversation, below.
Derrick asked him what might make innovation come back, and create the environment for, say, the next Google? Does Cap and Trade have anything to do with the reluctance of investors? Michael’s responses were enlightening! Use the player below to listen to the conversation.
And if you like to catch our next show, you could steam it live from your computer or phone here. Wednesday at 7PM (Pacific).
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