Financial
Accurately reporting the financial position of a firm to investors including risks.Strategy
Providing investors and employees an outline of your strategy and business model.Salary
It is common for government organizations to disclose the salary of staff above a certain threshold.Freedom of Information
Laws in some countries require governments to share data with citizens. Private information such as medical records and classified information is typically excluded. In some cases, classified information is expected to be declassified with time.Decision Making
An open process of decision making such as a town that allows citizens to attend council meetings.Research
Opening research to peer review including source data.Media
A media organization that publishes sources and funding details. In some cases, processes such as peer review can be used to show that an organization is covering news in an independent way that is truthful and verified.Technology
Explaining to customers, employees and government regulators how technology such as algorithms work as opposed to claiming they are incomprehensible magic.Purchasing
A procurement process that invites and selects bids according to an open predefined process.Conflict of Interest
Disclosing conflicts of interest such as a company that sells one of its business units to its CEO.Management
A manager informs their team openly including information regarding the competitive pressures and constraints driving the team's strategy.Cybersecurity
A firm that discloses a data breach within 24 hours to the public.Right to Know
Disclosing hazards such as environmental hazards to employees, customers and communities. For example, a cruise ship that discloses its emissions to customers and the people who live in the ports that it visits.Whistleblower Protection
Disclosing information received from a protected whistleblower. For example, a government that shares information about a safety issue with an aircraft model that was disclosed by an engineer who worked on the design of the aircraft.| Overview: Transparency | ||
Type | ||
Definition | The practice of openly and honestly disclosing information to stakeholders. | |
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