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| October 5, 2012 |
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| Corporate Finance Insider™ |
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| Private-company financials often shielded from employees
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Most private companies do not share financial details with all employees, according to a new survey. But some executives think openness has its benefits. Among them: Quelling fears about the future and showing employees how their work contributes to the bottom line.
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| Board members want to spend more time overseeing strategy
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Overseeing strategic planning is the duty to which corporate board members would most like to devote more time during the coming year. Directors at smaller companies, whose business model may be less mature, were twice as likely as large company directors to report that they would like to spend "much more" time on strategic planning.
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