Most CEOs say they want transparency. Mark Leslie means it.
Leslie ran two firms before becoming chairman and CEO of Veritas Software in 1990. He knew from experience that when senior executives make decisions based on shared information with their employees, it decreases office politics and helps everyone buy into the company’s strategy.
At Veritas, he hosted weekly employee gatherings where he’d cover all relevant news and information about the company. As Veritas grew, he initiated monthly meetings for all global managers. Leslie and his executive team updated the managers on earnings projections and other measures.
By revealing as much information as he could, he sought to stifle the rumor mill and minimize the need for internal secrecy. He also figured he’d build good will by leveling with everyone and unclogging communication channels.
Leslie, 66, acknowledges that trust can backfire. Putting your faith in employees can occasionally lead to betrayal, but Leslie concludes that’s a small price to pay when striving to build lasting relationships based on honesty.
A CEO who shares information turns everyone into entrepreneurs. Support personnel are more apt to take risks.
Leslie cautions that if employees suspect a CEO is faking it, trust can collapse. He champions authenticwhere you promote organizational values that truly reflect your character and belief system.
Genuineness and information sharing paid off for Leslie. In his 11-year run as CEO, Veritas (now known as Symantec Corp.) grew from 12 to 6,000 employees. Its annual revenue soared from $95,000 to $1.5 billion.
— Adapted from “The Masters,” Christopher Hann, Entrepreneur.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/33227/turning-transparency-into-action "