Why Transparency Matters…Impacting Reputation - A blog by Courtney Zegarski

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Why Transparency Matters…Impacting Reputation - A blog by Courtney Zegarski

Courtney Zegarski is an experienced research and communications professional with a passion for corporate social responsibility and social entrepreneurship. Courtney writes extensively for the Social Endeavors Blog.
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Why Transparency Matters…Impacting Reputation http://3bl.me/4wepgy - a blog by @courtneyzski

Summary

The 3BL Media blog roll is a select list of the most influential, respected, and authoritative voices in corporate social responsibility. Compiled from the 3BL Media staff’s extensive contacts with longtime CSR commentators, these bloggers offer relevant news, opinions, and ideas about all things CSR in one convenient place.   

Thursday, February 18, 2010 - 2:37pm

CONTENT: Blog

What does it mean to be a transparent organization?  While transparency includes honesty, it is more than just telling the truth when asked.    Transparency at its best involves pro-actively communicating with stakeholders (consumers, suppliers, employees, shareholders, etc) on all aspects of  business.  Being transparent does not mean one has to reveal confidential information or give away company secrets.  Rather, it can entail explaining an organization’s motives, responsibly alerting customers to potential product risks or setting expectations with employees.

Why does transparency matter? Importantly, transparency can make a significant impact on a company’s reputation and ultimately their bottom line.  Pro-active communication can foster greater trust with consumers, employees and suppliers—enabling them to give an organization the benefit of doubt in tougher times. Transparency is not about being “nice” to stakeholders or doing what “feels good”—it serves a critical business purpose.

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Keywords: Business | CSR | Consumers | Corporate Social Responsibility | Corporations | Ethics | Reporting | Transparency | investors | social

CONTENT: Blog

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