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Management & Leadership vocabulary · Corporate Governance

Transparency

Meaning in management & leadership, with examples

/trænsˈpærənsi/nounCommon term

In management & leadership, transparency means: The practice of sharing information openly and honestly, so that employees, shareholders or the public can see how decisions are made and how the organisation is doing.

In Turkish: şeffaflık, açıklık

How it is used

A key principle of corporate governance, together with accountability and fairness. Also common in leadership talk: transparency about pay, decisions or bad news. The adjective is transparent.

Example sentences

  1. The CEO's transparency about the losses actually helped to rebuild trust.

  2. Employees asked for more transparency about how bonuses are calculated.

Common collocations

  • lack of transparency
  • full transparency
  • transparency and accountability
  • increase transparency
  • corporate governanceThe system of rules, practices and controls by which a company is directed and supervised, especially the relationship between the board, the managers and the shareholders.
  • accountabilityThe duty to answer for the result of a task or decision, which includes explaining what happened and accepting the consequences, even if others did the work.
  • complianceFollowing the laws, regulations, internal policies and standards that apply to an organisation; also the name of the department that checks this.
  • stakeholderAny person or group that is affected by an organisation or project, or can affect it, such as employees, customers, investors, suppliers and the local community.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Corporate Governance

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