Twitter and Square founder Jack Dorsey has told delegates at global youth summit One Young World that transparency is the core foundation of his business ethos.
Speaking in Pittsburgh, where Seven Hills is managing the international media for One Young World Summit 2012, Dorsey told delegates:
“Gandhi said you must be the change you wish to see in the world, and that is the quote that helped us define the guidelines and the principles that we run both Twitter and Square with.
“And it comes down to very, very simple acts. At Square we have a core guideline which is we that we show our work.”
The Twitter founder was taking part in a plenary session on Transparency & Integrity as part of One Young World Summit 2012, which has brought together 1,300 delegates from 182 countries in Pittsburgh, to engage with pressing global problems and develop action plans for tangible change in local and international communities.
Dorsey outlined his business ethos, telling the gathered young leaders: “We have a weekly all-hands meeting where we show everything that’s happening inside the company, we take questions from every single employee that can question any aspect of the company, we go through the entire board-deck; everything that we show our board, we show every single employee in the company, and it starts within the company and then we can do that outside the company as well.”
Part of the transparency agenda, he argued, is focusing on means as well as ends: “if you think back to your math classes, your early math classes and you went up to your teacher, and you showed an answer, and they would immediately go back and say show your work. The challenge is actually getting to the problem and understanding how to solve the problem, not just getting to the correct answer.”