As the English philosopher Francis Bacon said, “ipsa scientia potestas est”…for those of you (like me) who failed Year 9 Latin, that means ‘knowledge itself is power’. We believe Frank was right, and therefore we get as much knowledge or information to as many people as possible so that they can all make the best decisions possible.
That is why, for example, we share our entire Profit and Loss (P&L) every month, salary tables for all roles, detailed feedback you get from colleagues has their name attached to it, team members can opt into having their name attached to their responses on our Engagement Surveys (and 96% do!) and Board Reports are available in full the day after our Board Meetings.
Knowledge and information shouldn’t just be for a select few, it should be for everyone so that they are empowered to make the best decisions which can only be achieved if you have all the information.