Transparency and honesty are not the same, though both are essential for establishing trust. Transparency is openness about what one does, thinks, or believes. It can result in exposing dishonesty.

A transparent person is committed to truth-telling and believes that honesty is the best policy.Transparent people express themselves openly and do not covet knowledge to get an advantage over others.

To be more transparent with your staff, you must first be transparent yourself. That means being open and honest about the company, its progress and its results.

Being transparent isn't easy. ... It’s a delicate balance, but leaders can aim to be honest about the future but also optimistic, realistic, and resilient. For instance, ...

But transparent communication is not merely a skill to be acquired; it is a mindset and point of view that shapes how leaders approach interactions with their teams.

Thanks to movies like "Wall Street," "The Wolf of Wall Street," "The Big Short" and even "Trading Places," the public perception of the world of finance isn't generally favorable.

Honesty and transparency are words that are used daily by politicians -- especially when they are running for office. Many talk it; few walk it.

Honesty, Transparency, and Resilience: Three Leadership Keys in the Age of COVID-19. This is the third episode from The UPS Store® Small Biz Challenge: Where We Grow From Here podcast series.