This video is part of a series of six video blogs on hot topics. We hope you enjoy.
Here’s the script if you want to follow along:
I’m Michael Williams
securities attorney with the William securities law from
I strongly believe in a concept called
open book management.
what is open book management? open-book management means
you show your employees exactly
how your company is doing from a financial point of view
you open your books and records to your employees
what do you do next? you ask your employees to set goals
measurable goal that will show
in your financial statements. now you’re going to have open-book management
you’re going to show your financials and you want to encourage your employees
hit the goals. why does being a public company
help you with open-book management.
Open Book Management is the perfect tool
because the SEC requires you to submit
four times a year your financial statements
three times reviewed by auditors one-time audited
so that your employees when they look at the financial statements
know that they true and correct as they are filed with the SEC
they’re posted for everyone to see. will they hit their goal?
well that’s up to them because every quarter
you’re going to publish your financials and so
now you have open-book management with credibility
and transparency. here’s the final
bonus you are up public
company you can offer your employees
stock or stock options
in your company as well as
had if you hit certain goals.
that stock is worth something
because it can be sold into the market
because you’re a public company with open-book management
you get not only the benefits open-book management but with the open-book
management as a public company
you get credibility & transparency
you can truly reward your employees. you want your business to grow
you need to your employees to come along with you.
open-book management with an SEC reporting company
is one excellent method you can use
to grow your business.
HOW IS THIS POSSIBLE? TO LEARN HOW, YOU’LL JUST HAVE TO CONTACT US.