7. The Principle of Transparent Management
The seventh principle is "Transparent Management."
It is important to disclose the true condition of the company openly to employees in order to build strong trust between management and the rest of the work force. This is the reason Kyocera practices transparent management and shares the company's true financial condition, not only with top executives, but with all employees.
Moreover, a publicly owned corporation has an obligation of full disclosure, accurately conveying its true financial condition externally to shareholders and investors as well.