Corporate transparency: Babcock University Online publication date: Tue, 26-Mar-2013
by Luke N. Onuoha
International Journal of Innovation in Education (IJIIE), Vol. 1, No. 4, 2012
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.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Innovation in Education (IJIIE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook