Gōngsī yīnggāi tǎnchéng de xiàng dǒngshìhuì bàoyōu.
The company should honestly report bad news to the board.
Tips
usage
Almost always paired with its opposite 报喜 (bàoxǐ, to report good news). The set phrase 报喜不报忧 ('report joy but not woe') is a standard critique of subordinates who hide problems from bosses.