open book policy
OH-pen BUUK POL-ih-see
ˈoʊpən bʊk ˈpɒlɪsiːListen
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Dictionary meaning
an organisational practice of sharing comprehensive financial, operational, or strategic information with all members of an organisation or with external stakeholders, based on the principle that transparency builds trust, enables better collective decision-making, and aligns individual and organisational interests; open book management, popularised by Jack Stack, shares full financial statements with employees and trains them to understand and act on financial data; in personal relationships, an open book policy means actively offering information about oneself rather than waiting to be asked, signalling that there is nothing to hide and that the relationship is built on candour; in public life, it describes a commitment to proactive disclosure rather than reactive response to freedom of information requests
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