|
The challenge with transparency in any organization is that it doesn't give people enough time to deal with the communications that come up. Instead of spending time working on the work that needs to be done, there is effort that has to be put into communications to fend off criticism, disagreement of how things are currently proceeding.
My statement comes from being a member of a board of directors where shareholders believe that it is their right for transparancy since it is where they live. Many have misguided thinking that they have rights to board of directors meeting minutes and more communication. The reality is the business corporate law doesn't require it. As a shareholder in stocks, I don't want transparancey to the point where I'm going to question and send off emails and letters. I want them to do what they are required to do, and then if there is wrong doing to be held accountable for doing so. I believe that access after the fact is enough to prevent people from wrongdoing up front.
|