Financial Transparency

Financial transparency refers to the openness and clarity with which organizations share their financial information. This includes making financial statements, budgets, and spending data accessible and understandable to stakeholders like employees, investors, and the public. When an organization practices financial transparency, it fosters trust, allows for better decision-making, and helps prevent mismanagement or corruption. Essentially, it means being upfront about where money comes from and how it is spent, enabling stakeholders to hold the organization accountable and assess its financial health and performance effectively.