Transparency and Disclosure

Home > Organizational studies > Corporate Governance > Transparency and Disclosure

The practice of providing accurate, timely, and comprehensive information to stakeholders about the company's performance, financial condition, and governance practices.

Corporate Governance: The framework of rules, practices, and processes that governs the relationship between a company's stakeholders and its management.
Transparency: The quality of information that enables stakeholders to understand the decision-making of a company.
Disclosure: The practice of releasing information about a company's operations and financial performance to the public and other stakeholders.
Governance Frameworks: The different models of corporate governance that vary by country, culture, legal requirements, and industry.
Board of Directors: The group of individuals responsible for overseeing the management of a company and making decisions on behalf of its shareholders.
Executive Compensation: The amount of pay and other benefits awarded to the top executives of a company.
Shareholder Rights: The legal rights given to shareholders to influence the management of a company.
Audit and Accounting: The practices of verifying the financial statements and accounts of a company to ensure accuracy and transparency.
Corporate Social Responsibility: The initiatives and actions taken by a company to promote ethical and sustainable practices in its operations and relationships with stakeholders.
Whistleblowing: The practice of reporting unethical or illegal practices within a company to authorities or the public.
Stakeholder Engagement: The process of communicating and collaborating with all relevant stakeholders to ensure transparency and trust.
Regulatory Compliance: The adherence to laws and regulations that govern a company's operations and financial reporting.
Risk Management: The practice of identifying, analyzing and mitigating risks that may impact a company's operations, governance, and reputation.
Ethics and Values: The principles and beliefs that guide the behavior of a company and its management.
Digital Disclosure: The use of technology to facilitate and enhance the disclosure of information by a company to its stakeholders.
Financial Transparency: This refers to the disclosure of a company's financial statements, including income statements, balance sheets, and cash flow statements.
Ownership Transparency: This refers to the disclosure of the owners or shareholders of a company, as well as the nature of their interests.
Executive Compensation Transparency: This refers to the disclosure of the compensation packages of a company's top executives.
Board Composition Transparency: This refers to the disclosure of the composition of a company's board of directors, including their qualifications, experience, and affiliations.
Related Party Transparency: This refers to the disclosure of transactions between a company and its related parties, such as its directors, officers, or significant shareholders.
Social Responsibility Transparency: This refers to the disclosure of a company's social and environmental performance, including its policies on diversity, labor practices, and environmental impact.
Political Disclosure Transparency: This refers to the disclosure of a company's political contributions, lobbying activities, and related expenditures.
Cybersecurity Transparency: This refers to the disclosure of a company's cybersecurity policies and practices, including its preparedness for cyber-attacks.
Data Protection Transparency: This refers to the disclosure of a company's data protection policies and practices, including its compliance with data protection laws and regulations.
Supply Chain Transparency: This refers to the disclosure of a company's supply chain, including its sourcing practices, labor standards, and environmental impact.
"Transparency is operating in such a way that it is easy for others to see what actions are performed."
"Transparency is practiced in companies, organizations, administrations, and communities."
"Fees are clarified at the outset by a transparent agent, so there are no surprises later."
"This is opposed to keeping this information hidden, which is 'non-transparent.'"
"A practical example of transparency is also when a cashier makes changes after a point of sale; they offer a transaction record of the items purchased (e.g., a receipt) as well as counting out the customer's change."
"In information security, transparency means keeping the arcane, underlying mechanisms hidden so as not to obstruct intended function—an almost opposite sense."
"It principally refers to security mechanisms that are intentionally undetectable or hidden from view."
"Examples include hiding utilities and tools which the user does not need to know in order to do their job, like keeping the remote re-authentication operations of Challenge-Handshake Authentication Protocol hidden from the user."
"Transparency implies openness, communication, and accountability."
"Science, engineering, business, and the humanities can benefit from practicing transparency."
"Transparency implies openness, communication, and accountability, which fosters trust between parties."
"They offer a transaction record of the items purchased (e.g., a receipt) as well as counting out the customer's change."
"Transparency implies openness, communication, and accountability."
"Transparency is practiced in companies, organizations, administrations, and communities, indicating its role in decision-making processes."
"Fees are clarified at the outset by a transparent agent, so there are no surprises later."
"Keeping the remote re-authentication operations of Challenge-Handshake Authentication Protocol hidden from the user."
"Keeping this information hidden, which is 'non-transparent.'"
"Transparency is practiced in companies, organizations, administrations, and communities, indicating its role in fostering communication."
"Transparency is practiced in companies, organizations, administrations, and communities, indicating its potential benefits."
"It principally refers to security mechanisms that are intentionally undetectable or hidden from view."