The Role of Disclosure in Corporate Governance
The Role of Disclosure in Corporate Governance The Role of Disclosure in Corporate Governance
Index• Definition• From Transparency to Disclosure• Why disclosure is important (in terms ofconcrete advantages for the Market)• Why disclosure is important (in terms ofconcrete advantages for the Company)• What information shall be disclosed (by law)• What information should be disclosed(according to the Company strategy)• How to disclose information• Role of disclosure preventing financial crimes
DisclosureTransparency is letting the truth be availablefor others.This view implies a passive position on the part ofthe company under consideration.Today transparency is taking on a whole newmeaning: active disclosure.In other words, the new concept of transparencyincludes action or motion, putting newresponsibilities on the companyNew concept of transparency requires not onlyletting the truth be available but imposes to discloseit to every stakeholders
- Page 1: Role of Disclosure in CorporateGove
- Page 5 and 6: International Standards - OECD• T
- Page 7 and 8: Why disclosure is important(in term
- Page 9 and 10: What information should be disclose
- Page 11 and 12: What information should be disclose
- Page 13 and 14: Role of disclosure preventingfinanc
<strong>Disclosure</strong>Transparency is lett<strong>in</strong>g the truth be availablefor others.This view implies a passive position on the part <strong>of</strong>the company under consideration.Today transparency is tak<strong>in</strong>g on a whole newmean<strong>in</strong>g: active disclosure.In other words, the new concept <strong>of</strong> transparency<strong>in</strong>cludes action or motion, putt<strong>in</strong>g newresponsibilities on the companyNew concept <strong>of</strong> transparency requires not onlylett<strong>in</strong>g the truth be available but imposes to discloseit to every stakeholders
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