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Transparency

Transparency refers to disclosure of information about activities. Transparent procedures include releases of meeting minutes, financial disclosure statements, budgetary reviews, and audits.

For banks, transparency protects its clients against fraudulent activities. This involves open communication with its clients and ensures accountability.

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"We learn wisdom from failure much more than from success. We often discover what will do, by finding out what will not do; and probably he who never made a mistake never made a discovery."
Samuel Smiles
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