Transparency is not solely a matter for the state or for business. It is a shared principle that determines whether our institutions function effectively and whether companies operate reliably. When the public sector chooses transparency, it saves all of us money and time. When business does so, it secures its reputation and long-term growth. So it does not matter whether results are measured in terms of the state budget or in profit margins. In both cases, the same rule applies – transparency is an investment that pays off.

I have often observed institutions that, fearing mistakes, complicate work processes with excessive procedures and requirements. For example, a labor inspector may see a violation but cannot check it immediately – they must return to the office, write requests, and wait for commissions. Such a system is not only ineffective but also costly. Transparency here means simplicity: if you see a problem – you solve it, instead of hiding behind paperwork.

In business, reputation today is as important as capital in a bank account. Members of the Investors’ Forum understand this well – if a company loses its reputation, no one wants to sit at the same table with it anymore. Companies that care about their reputation choose reliable, transparent partners because they know it reduces risks. Thus, lack of transparency in business costs lost opportunities.

Still, it must be acknowledged: transparency comes at a cost. If that cost is only a cup of coffee, almost everyone will choose values. But if the price is bankruptcy, people may choose survival. That is why our goal is to create a system in which transparency is always rationally beneficial.

The Corruption Perceptions Index reminds us: a third of Lithuanians would still be tempted to accept a bribe. Yet a larger share would refuse – not out of fear of laws or punishment, but because it goes against their values.

That is why it is important for all of us to clearly show that cheating and taking bribes is shameful, not something clever or admirable. This is what makes the biggest difference, because, as one institution’s head rightly noted, you cannot instill conscience through regulations.

In both state institutions and business, transparency is a long-term investment that builds trust. Transparency reduces friction, speeds up decisions, and allows more time to be devoted to growth rather than fire-fighting.

Therefore, the question is not whether transparency pays off. The key question is – when will we start counting its dividends?

Comment by Vytautas Šilinskas, Executive Director of the Investors’ Forum