Tuesday 12 November 2013

Transparency is key: yet again

Apart from Ed Davey the Energy Minister today calling for the energy companies to "stop treating customers like cash cows," there is also a call for more transparency into the real cost of the green levy and its impact on pricing.

And the National Audit Office (NAO) is also calling for the private sector companies (e.g. Serco, G4 etc), on big contracts to the public sector, to be more transparent about their profits and performance. The NAO also wants the public sector to demand more from their suppliers ensuring they have such things as Whistleblowing policies in place before they are granted public sector money.

These examples show the importance of moving to more transparent and open business practices as a way of building trust with multiple stakeholders leading to better and more cost effective business relationships.

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