'openly-managed' originates from the combination of 'openly' and 'managed', where 'openly' is derived from 'open', meaning 'not closed or secret', and 'managed' is derived from 'manage', meaning 'to control or direct'.

'openly' changed from the Old English word 'open' and 'managed' from the Old French 'managier', eventually forming the modern English term 'openly-managed'.

Initially, 'openly' meant 'in an open manner' and 'managed' meant 'controlled or directed', evolving into the current meaning of 'managed in a transparent manner'.