The Case for Corporate Transparency

A school of thought dubbed “open-book management” advocates sharing all or most of a firm’s financial data with employees on a monthly, weekly or even daily basis. Widely promoted since the mid-1990s by the likes of Jack Stack, then the boss of Springfield Remanufacturing Corporation, a firm that refurbished diesel engines, and John Case, a management writer, open-book management doesn’t just require bosses to shed their inhibitions when it comes to revealing numbers. It also involves teaching workers to read company accounts. Article

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