I agree completely, and I'm happy to see examples of orgs where the execs / directors respect and realise that the teams that they hire (IT, HR, Sales, Pick / Pack, whatever) will do the best job they can given the opportunity. The feeling of trust in employees is tangible, and therefore mutual and reciprocal.

If you're the head of a company, or indeed anyone leading a team, please take note of the above point. Trust your people to do their job (you can still measure their performance) and they will trust you to do your's.