Open Book Management (OBM) is a means of promoting ethical pay for people working in the Theatre industry, and the self-regulation practice of Theatre companies in London working by a set of principals. The self governing principals of The New Actors Company in relation to OBM are explained below.
Open Book Management
Safe EnvironmentFringe theatre is a theatrical training ground for individuals who are making their first steps into the Industry. Therefore it should be a safe environment and free from exploitative individuals and unethical companies.
Artist AgreementsIf The New Actors Company does not have Arts Council or enough private funding to allow us to pay a running wage, the least we can do is offer a profit share agreement to our artists.
Honoring AgreementsIf an agreement is made to an actor or technical artist, that agreement will always be honoured.
TransparencyThe profit share will always be equal and reasonable and will be conducted transparently.
Financial StatementsAt the end of the production, the Artists involved will be given a statement detailing the profit share allocated to them and how it has been worked out.