Transparency is the fifth of Status’ Principles and also in Finance we’d like to propose a way to get more transparent by opening up the expenses to all core contributors to see every expense report from each other. Reducing the information symmetry shall lead to more self regulated processes and reduction of centralized control mechanisms over time.
There are two options to give access to the information:
- either via new access rights in Expensify (the entire history of expenses will be visible) or
- via monthly reports (starting e.g. in September, where directly some key figures and a summary will be communicated)
Which option do you prefer? What potential challenges or advantages do you see with which version? Please leave a comment.
Link to the Principles of Basel:
Link to the related post about paying Expenses in Crypto, which will make the expenses reimbursement transactions public: