Allowing remote work is a good signal for process quality too. Distributed teams don't share code on thumb drives or assign undocumented tasks at the water cooler.
PS. "Distributed teams" isn't the same as "working remotely", although many things that make the latter work apply to the former too.
A significant subset of my job for a year and a half was figuring out how to maximize the number of answers I could get from her, and recording them in the team wiki.
I don't understand what part you're disagreeing with. If anything, you're very strongly reinforcing my point.
Updated my original comment.