Importance And Importance Of Transparency In Business

Nowadays, a lot of companies is set up by the local community, or overseas investors. In order to long-term survival, the keys to surviving of this companies is practice transparency. So, what is transparency? Transparency means that is clear, unhindered honesty in the way that he or she does the business, they also will provide the campaign to public like staffing, financing, exposure, equipment, media contact and other contributions. I believe that, there are many companies in many countries have practice transparency no matter is Asia country or Western country. Transparency have brought some benefit to the company. But some of the companies are not practice transparency.

Sime Darby was incorporated in 1910 by businessmen William Sime,

It is because transparency can conducting the business. Transparency can increase the level of trust between the partnerships and also the customers. Transparency can help the company ability to attract and retain the partnership. For example, in 2000, Sime Darby and Tesco signed an agreement to set up a chain of hypermarket in Malaysia, with Sime Darby taking 30% share. So, Tesco Store Sdn. Bhd is a joint-venture between Sime Darby Berhad and Tesco. It show that transparency can conducting a business to Sime Darby. Another importance of transparency is respect. Practice transparency can demonstrates respect for the employee and customers. When the employee and customer understand the operating of the company, they will respect to the company. The employee and the customer will not have the negative thinking about the company and respect all the decision making that the company have dine. Besides that, transparency can increase the staff involvement. Transparency can make the employee understand the operating of company and increase the truth of them. It can avoid the employee participate in spreading gossip, and other. Transparency can affect the staff involvement of Sime Darby. For example, the

was founded in 8 January 1997, with its headquarters in Wuhu, in the province Anhui. Chery focuses on the production of inexpensive low and middle class cars offered by its four brands, Chery, Karry, Rely and Riich. Chery has adhered to independent innovation, gradually established a complete technical and product R & D system, built a series of domestically renowned brands such as Fulwin, QQ, Eastar, Tiggo and Arrizo, exported products to over 80 countries and regions, thus enjoying a global fame (Chery, 2014). Chery is the 9th biggest automobile producer based in China. Chery is one of the company that at China does not practice transparency. Why I say that? It is because Wang Wei, a spokesman’s for Chery, said that he had never heard of Transparency International and was never contacted by the organization. "Chery is not publicly traded, so naturally it is not as transparent as those listed companies," Wang said, noting that the automaker does publish quarterly and annual results to its bond investors (Brown, 2013). Why Chery Automobile Co., Ltd. not practice transparency? I believe that Chery Automobile Co., Ltd. not practice transparency because it make them feel uncomfortable. Transparency is mean that need clear and unhidden on the business but it make them feel uncomfortable, when this situation happened they will think it is the burden to them and feel not safety if they practice transparency, because all the