Finance Leaders Can Learn About Trust from Supreme Court Justices
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Competing financial services firms advertise their products, yet most investors have little expertise in evaluating their products or advisors. Investors are left to accept on faith what they are told. But the plague of distrust that permeates views of finance can make this very hard.
Finance is hardly alone. A new entrant in the battle to defeat distrust may surprise many: the U.S. Supreme Court. Three justices’ recent remarks offer a model for financial leaders.
In separate speeches, Justices Amy Coney Barrett and Clarence Thomas recently joined Justice Steven Breyer in defending the independence and integrity of the Supreme Court.
Each justice stated clearly that stories portraying the court as partisan are inaccurate. Each justice acknowledged that the court’s lower rating of trust and confidence is related to the public’s perception of partisanship.
What did the justices do? They acknowledged the importance of public trust to the court and the country. Then they explained why they disagreed with critics who argue that the court is partisan.