How can companies effectively navigate the challenge of maintaining transparency with stakeholders while also safeguarding proprietary information and trade secrets during periods of significant organizational change?

Companies can effectively navigate the challenge of maintaining transparency with stakeholders while safeguarding proprietary information and trade secrets by implementing clear communication strategies. This includes providing stakeholders with relevant information while ensuring confidential data is protected. Utilizing non-disclosure agreements and confidentiality agreements can help maintain trust while protecting sensitive information. Additionally, companies can establish a balance between transparency and confidentiality by being selective in what information is shared and ensuring that all communication is consistent and aligned with the organization's values and goals.