In this episode of Masters in Trust, host Noelle Mykolenko sits down with Kate Fuentes, Founder and CEO of Ascent Governance & Advisory LLC and former General Counsel and Chief Legal Officer with over 25 years of experience in financial services. Kate has advised boards and senior leaders across asset management, retirement services, insurance, wealth management, and corporate governance. The conversation explores how curiosity, humility, transparency, and integrity build trust in leadership. Kate shares why strong relationships and open communication lead to better decisions, how leaders can handle mistakes responsibly, and why staying grounded in core principles matters when navigating AI, cybersecurity, and other emerging risks. Expect to Learn:Why curiosity and listening are essential for building trust across organizationsHow staying inside functional silos can weaken informed decision-makingWhy leaders should build relationships before problems or crises ariseHow vulnerability and owning mistakes can strengthen professional trustWhy a leader’s reaction to bad news affects whether people speak upHow transparency supports effective relationships between management and boardsWhy board members need the right information to fulfill their fiduciary responsibilitiesHow leaders can stay grounded while managing AI, cybersecurity, and geopolitical change Episode Breakdown with Timestamps:[00:00] – Introduction to Kate Fuentes, her legal career, financial services background, board advisory work, and focus on trust, governance, and high-stakes decision-making[04:37] – Why relationships, not technical expertise, became the hardest part of Kate’s professional journey when moving from a law firm into corporate life[10:10] – How listening, curiosity, and cross-functional understanding lead to better legal decisions and stronger trust[14:36] – Breaking organizational silos when dealing with AI, cybersecurity, emerging risks, and the need to speak with the right people internally[17:32] – How cross-functional conversations build bridges, improve relationships, and create stronger trust across teams[23:36] – Building trust when stepping into a new GC, executive, or board-facing role through listening, curiosity, and understanding people’s priorities[27:08] – Why vulnerability, admitting mistakes, and giving people a heads-up strengthen professional relationships[33:55] – How management approaches can unintentionally damage trust with high-performing professionals and the importance of pausing before reacting[42:27] – Handling difficult decisions, reporting issues to boards, and protecting trust through transparency and accountability[44:56] – Navigating disagreements between management, general counsel, and board members while maintaining integrity and informed decision-making[48:08] – Closing reflections on increasing complexity, emerging risks, technology, geopolitics, and maintaining trust through strong principles "Disclosure: Portions of this episode (such as the introduction or promotional segments) use AI-generated voice narration produced under human editorial review." Connect with the Guest, Kate Fuentes: LinkedIn: https://www.linkedin.com/in/katefuentes/Company LinkedIn: https://www.linkedin.com/company/ascent-governance-advisory-llc/Company’s Website: https://www.ascent-ga.com/ Connect with the Host, Noelle Mykolenko:LinkedIn: https://www.linkedin.com/in/noellemykolenko/ More From Trusted Advisor Associates:LinkedIn: https://www.linkedin.com/company/trusted-advisor-associates/Website: http://www.trustedadvisor.com/