History and Theory

On Transparency

Photo of Ricardo SemlerNo one can expect the spirit of involvement and partnership to flourish without an abundance of information available even to the most humble employee. I know all the arguments against a policy of full disclosure. … But the advantages of openness and truthfulness far outweigh the disadvantages. And a company that doesn’t share information when times are good loses the right to request solidarity and concessions when they aren’t.

Ricardo Semler

 Quotation on one value of transparency is from Maverick (1993, p. 136). Maverick was originally published in Portuguese as Turning the Tables in 1988.

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