5 Values and principles governing an ABC

5. Values and principles governing an ABC

An ABC stands for trust. The trust of an ABC is driven by the following values and principles:

• Transparency
• Industry ownership
• The industry standard
• Self-regulation
• Non-for-profit organization
• Equidistance from the market players
• Professionalism

The fundamental product of an ABC is its credible data. It acts as the foundation for building and maintaining trust. All of an ABC’s structures, decisions, operations, services, and communications must be derived from this foundation.

It is essential to understand that trust must be at the core of an ABC from the very beginning of its construction. There is no way one can build a trustworthy organization “later on.”

This trust acts as the catalyst for all other aspects of an ABC. Trust builds synergy.

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