Article: Corporate transparency: Babcock University Journal: International Journal of Innovation in Education (IJIIE) 2012 Vol.1 No.4 pp.311 - 323 Abstract: Transparency is a major requirement in environments where finance and value for money is appreciated. The aim of this paper is to expose the critical need for openness in the financial management process in universities. The findings of the study re-affirm that transparency compels accountability and that both invoke trust and good governance. The paper, therefore, concludes that transparency is inevitable in any financial management process where the goal is effective control and efficiency. The leadership employs formal and informal communication to ensure transparent financial management processes. The management has to critically assure the security of the staff who may question certain practices and encourage them to come up with suggestions for improvement of the processes and procedures without fear of victimisation. Finally, the administration should seek employment of only individuals who understand 'value for money' to head the financial management positions at different levels of the organisation. Inderscience Publishers - linking academia, business and industry through research

Title: Corporate transparency: Babcock University

Authors: Luke N. Onuoha

Addresses: Aston Business School, Aston University, Birmingham, B4 7ET, UK

Abstract: Transparency is a major requirement in environments where finance and value for money is appreciated. The aim of this paper is to expose the critical need for openness in the financial management process in universities. The findings of the study re-affirm that transparency compels accountability and that both invoke trust and good governance. The paper, therefore, concludes that transparency is inevitable in any financial management process where the goal is effective control and efficiency. The leadership employs formal and informal communication to ensure transparent financial management processes. The management has to critically assure the security of the staff who may question certain practices and encourage them to come up with suggestions for improvement of the processes and procedures without fear of victimisation. Finally, the administration should seek employment of only individuals who understand 'value for money' to head the financial management positions at different levels of the organisation.

Keywords: corporate transparency; accountability; governance; financial disclosure; integrity; corruption; Babcock University; private universities; higher education; Seventh-day Adventist Church; Christianity; religion; Nigeria; openness; financial management; trust; effective control; efficiency; leadership; formal communication; informal communication; transparent processes; staff security; victimisation; staff suggestions; improvements; value for money; e-learning; electronic learning; online learning; internet; world wide web; corporate e-working; electronic working; innovation.

DOI: 10.1504/IJIIE.2012.052735

International Journal of Innovation in Education, 2012 Vol.1 No.4, pp.311 - 323

Received: 03 Jul 2012
Accepted: 07 Jan 2013
Published online: 26 Mar 2013 *

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Title: Corporate transparency: Babcock University

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