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Google has a routine in which Eric Schmidt, the chairman of the board of directors, will...

Google has a routine in which Eric Schmidt, the chairman of the board of directors, will share the board materials with all of the employees to ensure complete transparency. What concept best explains his behavior?

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Answer #1

The concept that best describes the behavior of Eric Schmidt is good corporate governance. In this concept, the top management of the company follows certain practices that create transparency in the business process. Corporate governance makes the information available to all the employees of the company and also make them all equally responsible for the growth of the company. It creates a positive relationship between the company management, stakeholders, and the employees. It helps in avoiding conflicts, improves the performance and accountability as well. So having good corporate governance is one of the best practices followed by Google.

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