What is the principle of transparency and accountability?

The principle of transparency and accountability involves operating with openness, honesty, and responsibility in all actions, behaviors, and decisions within an organization. Transparency means sharing information freely to benefit the organization and its stakeholders, including employees, customers, investors, and community members. This includes executives sharing company details with the team, involving key stakeholders in decision-making processes, and emphasizing the company's vision, mission, and values to create a sense of employee buy-in.